It's becoming evident that Bitcoin will keep on going up and down. Now the question is how low it will go before it starts going back up again. Although with a looming recession and shortages it would make sense for people to pull money out of Bitcoin and into real-world goods like food and housing.
Only a fucking imbecile would take their savings and pull them out of Bitcoin, a true store of value, and shove them in bank accounts whilst there is 10-20% inflation.
But you are right, most people are fucking imbeciles, just like the vast majority of people who get fooled into thinking they can make money from playing poker or any casino game.