Yes you are right, now Bitcoin is more popularly used as an asset, not as a currency, this is the cause of inflation in Bitcoin prices. If the information is correct on another thread with a link to the article that 111,000 bitcoins can be sold in the amount of $ 802 million, then bitcoin will soon fall at a very low price. The only problem is that he pulled the remaining crypto currency.
Bitcoin is now losing value, but it has no effect on the other cryptocurrency, because many people do not trust other cryptocurrencies, and in case of a decline in the currency, they simply go to USD and Tether.