An example for the increasing interest on bitcoin is experienced over India. When the bitcoin was selling around $11000, around the globe India has got an value more than $13000. This is all because of the increasing interest of people to prioritize it an investment source.
I do not think it is only about the demand, it has to do with the fact that their government began a war on cash just a few months ago and people are looking for a way to protect from that, this huge demand happens in every place in which governments are having problems with their economies.
I think the stock market being at an all time high is playing a major factor into this. I really worry when I see it so high that it is going to cause a huge crash and normal people like myself will lose a lot in our 401k/stock for retirement.
I think the 401k and retirement IRA stocks are all a scam that cannot possibly maintain. The market will crash for Fiat, and lots of money is flooding into crypto so people can save themselves.
This is already happening in my country, we do not call it like that but our equivalent 401k have not been around for long and while they have paid almost nothing they are already refusing payments to those that qualify which means they stole all that money and yet I can see ads on TV promoting that scam.