Indeed those that bought bitcoin at the 30k region and below have gain massively from their bitcoin holdings and with whales like Elon musk and the president of El Salvador who just legalized bitcoin. In the near future more profits will be made from the price increase when it reaches 70k and above.
people with big capital have a good long-term vision for bitcoin. as it has been proven, most long-term investments in bitcoin will definitely be profitable.
people like Elon and the President of El Salvador don't just think about the benefits of holding bitcoins in the long term. they believe that in the future the use of bitcoin and crypto in society will be something better than Fiat.
Right,
You know, Inflation is rampant all around us, The main reason for the recent inflation in European countries is the printing of money by the government. In fact, people no longer trust fiat money cause govt. can do anything to reduce their personal loss. Elon Musk, the president of El Salvador, and other people with big capital know that inflation is coming after the COVID-19 pandemic. So that, they invested in Bitcoin cause they know it was safe to hold their money in Bitcoin.
Where do you hear that people don't trust fiat money because of the governments? I personally haven't heard that kind of thing from any person that I have ever met. Usually, people in poor countries prefer to save their savings not in national currency but in USD, Euro or GBP. I think the statement that "People don't trust fiat" is as abused as the word "Blockchain". Have you seen protest where people say that they don't trust in Euro? Well, I have even seen protest where people ask the government to ask America/Europe and move on USD/Euro instead of their national currency (But you can't move on Euro if you aren't in European Union).
Poor needs enormous profit from poor investment to become rich and for rich, even 5-6% profit can be millions of USD.