There is a lot of talk about institutional money coming into btc. Does anybody think they wana buy it for 20k? They have money and resources to make a dump. If we want mass adoption and big money flowing in we have to expect things like this.
Yeah , this is the truth in actual this is a type of angrness and also at type of greed to make profit in the future .
Here even I myself is looking to buy bitcoin at 20k$ because I know very well that the limitations is coming for the bitcoin to mine ( 80% bitcoin already mined ) and that will leads into lack of generation of bitcoin , so demands are increasing much speedly then what the supply we have , so this is common case for everything to increase price , so I don't think those rich people are stupid or having mistake to buy at high price , they are doing well to make money and also we know that to have investment in bitcoin is risk free .