Bitcoin started the trend for blockchain technology, and we're thankful for that. But it doesn't really do what it originally meant to do anymore.
Most people who invest in Bitcoin plan to keep it for a long time, like around 80%, according to statistics. The current idea that seems like a sure thing is to buy small amounts over time and hold onto it.
BTC was created for decentralised and anonymous p2p transactions, along with giving you full control of your assets. But a lot of people really use BTC to make wealth, like traders, but let me assure you, the figure of 80% is not accurate, and I think It's just an assumption from you because there are traders and then there are holders, and in my sight, the number of active holders is lesser than the number of traders who are trading in BTC, and we all know that when one is trading, they are not holding it for that long.
But still, you have got a point, but it's an open market, so anyone could do anything when they have bought it.
Also, the price is going up mainly because people think it will. Everyone's buying Bitcoin because they think "it went up before, so it will again." Or "it's the main cryptocurrency, so it's valuable." But is it really useful or is it just worth more than it should be? I think it's the second one. And saying other coins should be worth as much as Bitcoin is crazy. Some of those new coins are already being used and have real value.
Those who think and have full belief that the price of BTC will go up should have some knowledge about it because saying such words does require some words that could back them up later. And BTC is worth less now as it should be valued more, but due to misperception among people and manipulation from governments and other icons, BTC has a lower price than it should have, and you are asking, Is it valuable? Well, as I said before, optimism about BTC depends on how much you know about it. But still making assumptions and asking blank questions with no basic knowledge is not going to take you anywhere.