please explain me why bitcoin will make another all time high
In my opinion, Bitcoin is decentralized in nature and can hit all-time ATH because natural market demand fosters trust and cultural awareness of blockchain better than current fiat system. , over time the need to buy and hold bitcoin becomes more important in finance and becomes an urgent need. At the same time, each halving cycle is set at the exact moment that demand becomes critical. It will be ATH.
Bitcoin (and of course most crypto) being better than fiat is not even a question in my mind and I think that we shouldn't really be shocked about it if people prefers it as well. We can see right now how the banking system and fiat world has let down the people once again, god knows how many times it has been already. Just this past 15 years we had to face too many times when the markets destroyed people.
On the other hand, if you invest into bitcoin then you would realize that it is not going to be that easy to lose all your money, unless you leverage it 100x or something. Just buy bitcoin and hold, you will make profit instead of lose all your money.