What if BTC never reaches all time high?
If it won't get again to 20k, no biggie, Bitcoin is still great as it is, with or without the price speculation.
But I believe it will. Its scarcity ensures that. Patience...
Indirectly, bitcoin has its own uniqueness compared to stocks like Nikkei, because the movement of bitcoin triggers only from speculators who are selling and buying, so as long as speculators still do that the same thing will continue to happen.
However, there is a different view this year when the movement of the exchange is too weak, but bitcoin can still be stable at the price of $6000.
I think the price of bitcoin will soar soon, because some countries are not impossible to legalize bitcoin as an alternative to keeping the price of the country's currency stable.