If i am just a new investor in bitcoin having a price of 100,000$, i think i will only buy a small slice of it because i could not really afford to buy a whole of it. I am going to hold it, let it grow up higher and if the price is already right for me, then i will sell it right then.
I think not many people have a bitcoin when its price is $ 100,000. At that time only rich people could afford to buy bitcoin, so hardly imagine bitcoin going to have such a day. I am not confident I will buy more bitcoin at that price (even a small slice of it) and wait for higher price.
Pretty much few of early adopters will have something tangible in the quantity of bitcoin in such scenarios. For bitcoin to have reached that extent, I would like to assume that the currency aspect of it is now being used, a lot of things have changed over the years for the positive, and it is now being seen as a normal and regular investment tool, merchants now accept it for payment of goods and so on.
Then in that case, people will be buying what they want to make use of or can afford to purchase based on their pocket rather than for investment purposes.