99% of society does not own bitcoin.
this is an important matter that most people usually forget. bitcoin adoption has been extremely small so far. they look at the price and see a "big rise" and think that is it! but they forget that the adoption has been less than 1% so far and that is extremely low, and that gives bitcoin one of its potentials for big rises. as this percentage grows the price continues shooting up and each time it dwarfs the previous ATHs.