The high expectations should be moderated so we can be able to appreciate the milestone growth bitcoin price has made. Commensurable with its age bitcoin price is doing great and only those who are not highly expectant setting their price scale at a great distance of 100k, 150k, 200k will care to appreciate the feat, some even predict as high as $1M in the next bull run and when the price doesn't go even close as expected they complain that the performance of bitcoin has been poor.
And this can be so discouraging for investors that planned on long term hodling with such a high expectancy. Learn to treat bitcoin like a teenager that's just coming up and still has its future ahead of it and stop the unequal comparison with other financial instruments like gold that have been around for decades.
It's not Bitcoin fault if someone has wrong expectations or makes wrong predictions about Bitcoin. Rather, I would say that the predictions of such people will be wrong, and we should not have expectations that do not seem possible. Bitcoin performance has never been bad, but till date Bitcoin has given huge returns to every investor who has invested at the right time.
Investors who plan long-term holdings should also be aware that the price of Bitcoin fluctuates, and may not meet their expectations in a few months or year.Just as Bitcoin is predicted to go to $100k this bull season, now if someone is predicting or expecting to go to $1 million, the probability of Bitcoin price going there is very low. Therefore, such expectations should be revised.
There is no doubt that gold has been used as an investment for decades, but due to Bitcoin unique features and high profitability, it is being preferred over gold.