Smart investors make money from the market, they are not the reason of a bull market. Rather smart investors will sell in a bull market making it a bear market and so it might seem as if they caused the bear market, which is again a false narrative.

Being bullish like I said, takes courage and knowledge about previous days of that asset. Not everyone has the guts to make such predictions and therefore new investors find it difficult to conclude that future days of the same asset would be good.

However it is a cycle and watching it closely one can opine over the course of a few years that indeed investing in bitcoin at low prices means profits. That is what a smart investor has in the back of their mind.