We can't judge them to be morons, because we don't know the future. They may have bought at ATH this year, but who knows, if they will hold and just wait for few years, the price will be doubled or more? So don't talk as if that's the ultimate ATH of bitcoin. Because we never know what the future holds. And they may be the one who will end up laughing when the price goes up in the next coming years.
I agree with you that we don't know the future and people who bought at an all-time high shouldn't be called morons. In fact, my brother's friend bought Bitcoin at $18000 when everyone thought Bitcoin won't grow again after it fell from its all-time high. But you see how it went as high as $60k plus. Cryptocurrencies are the future and I believe that they will grow more and people who bought at this high will be in profit as well.
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Bitcoin is an asset that will continue to grow, and we will never know what will happen in the future. So think wisely, don't jump to conclusions quickly.
After all, history has proven that many people bought Bitcoin at ATH in 2017. If they can be patient, finally this year their patience paid off,
as did people who bought Bitcoin at $60k. Who said they were morons, because it is very likely that the price of Bitcoin could rise above $60k
in the future. The conclusion is that investing in Bitcoin will always be profitable as long as we patiently wait for the Bitcoin price to rise.