Even though there is some inflation adjusted truth to what Greyhats is saying, I personally don't get that excited by those kinds of inflation adjusted assessments that suggest that we have to move the ATH even higher in order to "really have an ATH." But then again, I tend to not really want to get too maniacally focused on tops anyhow, because if we are in bitcoin for the long term, sure we can start to shave off some of our BTC profits at various top prices, but if we are largely holding the vast majority of our BTC, then the value of our holdings will continue to go up with the passage of time, especially if we consider something like the 200-week moving average, which has never failed to go u, even if it has periods of time in which it is going up faster or slower, yet
even now it is over $30k.
Around 2017 the price of Bitcoin was around the $19k range, getting to 2021 just after the Bitcoin halving that happened 2020 the price hits the $64k mark and extended further in November of same 2021 making Bitcoin highest All Time High of $69K, I think there is every tendency of surpassing the $100k price not even including the latest ETF UPDATES circulating, won't stage on that cause it's not yet decided
You are confusing the Bitcoin investor with the Bitcoin trader, here I am talking about the investor who deposits fiat to exchange then buys BTC and keeps repeating it every week/month for a long period let's say 5 years straight who should be termed as an investor and for them there is no need to keep withdrawing their BTC from the exchange other than the security concern if exchange hot wallet hacked and users lose their funds.
A bitcoin trader is someone who keeps moving crypto around exchanges so they can make profits with the price difference from one exchange to another and numerous other ways.
Nothing should be confusing here, anyone Dcaing in small amount will have to hold their Bitcoin in exchanges like Binanace or any which they used in buying for a particular period of time till it has accumulated into a huge amount due to high transaction fees in sending to hardware wallets like the Electrum, Trezor or any of your choice. We all know holding a huge amount of our investment in Cex is not advisable, these hardwares wallets are secured for our holdings.