There is a lot more dumb money, and its not going towards BTC.
Bitcoin is now gaining more attraction to strategic reserve and those dumb money are going there, very soon we are going to have more of this, institutions have already been keeping to the use of bitcoin in so many ways.
Sooner or later, we are going to have more and more than this we already have, bitcoin to the moon and back.
Don't spend all 1.8M BTC on one hooker.
Diversify on multiple assets starting from bitcoin down.