In short, Bitcoin offer many utilities like decentralized, privacy, transparent, limited supply, and secure, which make people buy Bitcoin not only due to the price. If you want to learn more, visit
https://learnmeabitcoin.com/Well, if you ask me, I would say that many people are now investing in Bitcoin for the purpose of making a profit. What could be the reason why whales are investing a huge amount in Bitcoin if not to make a huge profit? What's the reason why some big companies, like Micro Strategy, are buying more Bitcoin? I think it all boils down to profit-making. I believe that the things you have mentioned, such as decentralization, security, privacy, etc., are all characteristics of Bitcoin, but when you think of the major aim that drives people to invest in Bitcoin, profit-making is what it is. Investors expect to make a profit, and they also know they will enjoy privacy, security, decentralization, etc., which are all characteristics of Bitcoin.
Don't you think this movement can be a bluff to dump after? I regard in buy and hold in any time, but claim certainly that BTC will hit 100k level now seems to mekind of over. I really hope the price brake the top line up and all of we can be happy
but we have to see our analisys with our brain, not with out heart.