What effects, both positive and negative, does the fact that a substantial proportion of people that invest or get involved with Bitcoin in the first place, have the intention of making profit in a fiat currency as their primary objective? There are many people who do not fall within this category and many, who start in this manner, that then take on other ideals and ambitions. There are also many who want to "cash in, cash out".
Outside the purpose of making profits, I don't see why an investor will take the action of investing into any stock or assets. No one wants to throw away his/her money even if it is too much the possess. Those who accumulates Bitcoin in larger quantities can say they are big fan of Bitcoin and are not moved by the short price swings, there is no one watching their transactions if we will want to believe in that. If big companies and financial institutions are getting into the crypto system, whether for the long or short run, they are here to make more profits, believing that the price always comes back up and goes even higher.
The technology of Bitcoin made it unique and free for all to use with discrimination of any kind, making it accessible to all from any part of the world, and that is rare to find.