maybe.. but not because bitcoin will not increase in price but because they could have maximized their profits by waiting and buying bitcoin when the price is going down bitcoin will still increase in price for the next following months and its “peak” would be nothing compared to bitcoin’s price right after halving
it’s their money in the end so if they feel they can do and invest their money no matter how high the price is then good for them
It all depends on the investor, it doesn't matter what the price is when the investor thinks the time is right to invest. Now big institutional investment in bitcoin is buying bitcoin when we think high price they are taking entry in the market means they have proper strategy how to build their position in the market. Many of Bitcoin's previous ATHs have subsequently bottomed out, and the ATH that Bitcoin has now may also eventually bottom out. Then those who buy at ATH also become profitable sometime. The potential that Bitcoin has and those who are aware of that potential know that even if they invest in ATH of Bitcoin, they will become profitable at some point, so they may have to be patient. This is what bitcoin history suggests as Bitcoin broke the previous ATH and made a new ATH after the bull cycle started.