The reasons why so many persons invest in bitcoin is the depreciation, centralization and the appreciative aspect in bitcoin. This stages are very important to traders or exchangers. it’s a medium of efficient, crypto currency has been a life change in recent years, it has been a great value for storing assets, commodities and currency. These qualities attract to those who believe In future bitcoin. Crypto help those who have issues with hyperinflation..
The main reason for buying Bitcoin is that the price of Bitcoin fluctuates a lot. So buying Bitcoin can be very profitable. Bitcoin cryptocurrency is the most expensive currency in the world..
I think that's not the right term to call it why there are people buying Bitcoin, I think it's because the price appreciate every halving cycle. But most people who would join the wagon is just after for the quick profit and unfortunately most of them suffered a lot from losses because they bought Bitcoin when it's on the top. This is why buying and accumulating Bitcoin when the price is cheap is more effective than waiting for it to go deeper which is too much for the others who won't notice that it started to pump again.