Even though I agree with you that knowledge is important for investment in anything, it seems you are making the investment process overcomplicated. I don't think complete knowledge have always been a factor regarding investment in BItcoin because investment in BItcoin is an easy thing that can be done from the comfort of your home and requiring just little knowledge of how to receive and protect your coins. During the days of hype like 2021 when there was massive influx of people into Bitcoin, a lot of people started their journey within a week of hearing about Bitcoin. Within a week they had already gotten all the key knowledge they need to start investing in Bitcoin, this shows how easy it is to start investing in Bitcoin.
It is important we make this clarification so that new people going through this discussion will not think that investing in Bitcoin is that complicated because it isn't. It is more of a mentality something after the financial aspect have been taken care of. By mentality, I'm referring to the ability to invest without fear, greed and the resolve to give the investment time to yield profits.
Sometimes it seems to me that it is much easier for a beginner to make money on Bitcoin than for those who have been involved in cryptocurrency and Bitcoin for several years. Even I remember myself, at the beginning of my journey I just bought Bitcoin and did nothing else, because I was afraid of making a mistake due to the fact that I had little knowledge. The bull market began and the Bitcoin that I was holding rushed up. But the main mistake here is that I didn't take profit and then the bear market began. I'm talking about this because I was close to a great result, but I didn't take one right step. Some beginners can also buy and hold Bitcoin, at the moment when it grows to the skies, lock in at least part of it and become more successful. In any case, in words it looks simple, but in reality it is quite difficult to do this.
This reminds me of how of a concept where too much knowledge can make one begin to doubt things. Indeed too much knowledge can make someone redundant and this can lead to missed opportunities especially in a portfolio like Bitcoin.
A simple explanation for this is the case if those who have great technical skills and have assumed they have mastered the market so well that they can predict every move. They buy and sell effortlessly but cumulatively, they might not be making much money at the end of it all because one loss wipes out series of wins. People in this category hardly hold Bitcoin because they will be waiting for the perfect dip to buy and will sell again when they feel there will be correction with the hope of buying back.
Meanwhile a novice who just learnt about Bitcoin and is motivated could simply buy and keep in his wallet, not worried about selling for quick profits. Such person will end up making more money at the long run.