It seems to me, that large funds are not afraid to buy bitcoin at such levels, because they can always average out during a correction or a prolonged fall and can hold positions for a very long time. I would not have entered the 58,000 mark, even if it went higher.
large companies that have large funds have good risk management...
they buy Bitcoin at the current high price is not without calculation and I sure, they trust that the Bitcoin price will continue to rise past $ 100k. Michael Saylor said that the current price of Bitcoin is still relatively cheap compared to the next 5 to 10 years.
I think that Michael Saylor is correct. Anyone with a time frame that is more than a year or 2 who has bought and held has done great. Will it continue? I don't know, no one does, but with usage, inflation fears, and uptake the odds certainly favor a substantially higher fiat price over the next 5 to 10 years. Perhaps much sooner. It is just a question of patience. Taproot and the related items are important.