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I agree with you because Bitcoin is an asset that does not require waiting for a dip. In my personal opinion, it is not reasonable because waiting for it may not be invested at some point. I myself was foolish by waiting for a dip. But now I understand and am buying according to my ability. Bitcoin is an asset that is now being compared to gold. Gold is available but Bitcoin is not available. The demand for things that are in low supply is high. That is why the demand for Bitcoin is increasing day by day.
From my current observation, the increase in demand for Bitcoin is actually because several large countries have purchased Bitcoin and held it as a valuable asset for themselves. This has led to a significant price increase again this month, with Bitcoin again reaching an all-time high today, surpassing $119,000. And I don't think we need to compare Bitcoin to gold because Bitcoin can't be equated with gold, although we can think of it as a more modern form of digital gold today. Gold, on the other hand, already has two forms: one is physical and the other is digital, which anyone can buy, just like buying Bitcoin on the market.
You may be right but I don't think it was because of the countries that purchased Bitcoin is the reason for the surge, after all it is not this week they purchased those numbers of Bitcoin. Bitcoin is a very volatile asset and has the potential to rise and fall anytime so don't forget that fact and we are still going to see more than this sooner or later and for those who is still doubting Bitcoin potential they should clear their doubt and start investing now else they will miss a lot of opportunities and they will regret.