Well people keep saying, "what if its different this time". And what if it is? The proof is a stock like TESLA which made Elon Musk the richest man on the planet today. The entire market cap of Tesla exceeds the combined market cap of all automakers currently. And when you are driving around, you see Toyota's, Fords, Dodge's. How often do you see a Tesla? Almost never in my area.
So markets are not making any sense right now. It can top at $40K or it can top at even $400K. People are at home, bored, and nothing else to do buy purchase Tesla options and Bitcoins.
I would not compare BTC with TESLA man. I am not into TESLA details but you do see that EV are the future and Musk seems to have one or two innovative products on that market. On the other hand, Bitcoin is just a medium to store value that performs really badly in terms of its costs, decentralization, and scalability. If you take a look at Bitcoin history, its price is mostly stable with the exception of these massive P&Ds that usually come some time after halvings. And every time ppl thinks "This might be the one that's different".
It's going to go up until a certain point and it will then do a massive correction. If I am wrong and it hits the 400K I will be a very happy man. I am never selling all my coins, I just set some exit points and sell portions as I see the price goes up.