You do realize that more and more capital is coming into bitcoin and from bigger players, too?
I will agree with you that the degree of the pumps (in terms of percentages) are likely to continue to be smaller and smaller with the passage of time, yet surely $200k is not out of the question for this cycle, even though surely we are also not guaranteed to either get to $100k or even to go back to our current ATH of $73,794..
Yet at the same time, it is likely to have a certain amount of bitcoin so that you are prepared for the various upside scenarios that could play out.. that is called an upside asymmetric bet.... in which the most you can lose is 100% and yeah, you don't seem to agree with there being any decent probability of some of the various upside scenarios.
With every passing day, more and more investments are coming into BTC and due to the involvement of the major institutions/ players BTC is solidifying its place further.
I was implying that we might not see a sharp pump in the BTC because of the current price as we saw in the past cycles. I was saying that it is advisable to diversify your portfolio i.e., buying stocks, property, mobile assets etc. I am not saying that a person should sell all his Bitcoin at the pump and buy gold. With the devaluation of money and the threats of global recession, it is better to put your profit or savings in gold rather than $. So that you have something valuable for the rainy days. I agree that BTC is not a mature asset yet and will take a few years to reach that status as BTC is the future.