If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.
Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.
Power of Hope!!!
No, it is just a power of propaganda, that's make many of people buying it by the prinzip of "wow, so many people have made profit on that thing - i must do it too -> cause it will go up to 20000 again!"
Summary: those people losses their money=)