With the increase in the financial volume of a currency, we no longer see severe pumps and dumps in the price chart of a currency, but there are reasons that this is not the case with Bitcoin, despite the fact that the financial and trading volume of Bitcoin has increased significantly compared to previous years. What do you think is the reason for this?
I think people still look at digital currency as a tool of entertainment or a joke, and that's what happens. Ilan Mask's tweets can be ridiculously considered a fundamental factor, or a conflict between a financial institution and a developer of a currency can cause a lot of changes in the price of that currency.
In short, we can not see a change in the situation until the general public changes its attitude towards digital currency and looks at it more seriously and professionally.
cryptocurrency today is very regulated already which i think anyone seriously wants to invest in BTC, they'd have to go KYC in every direction. BTC is also becoming mainstream, the attitude towards digital currencies will change but it won't happen quickly because the first impression of the people about Bitcoin isn't so good. even today it's still reported being used by hackers to ask for ransom.
There is a resistance to adoption that even the most innovative countries won't adopt Bitcoin but will just use their own digital currency.