With limited supply, the price of bitcoin is high because there is more and more demand for bitcoin in the market. And the increase in bitcoin prices will always be followed by ethereum and other altcoins.
The consideration used by bitcoin investors, especially whales, is that they believe bitcoin will become more expensive if held for the long term.
That's right, that's the only way that ultimately makes the price of Bitcoin very expensive. If there is no increased demand then the price of Bitcoin tends to stagnate. Bitcoin has quite volatile price movements so it is very suitable to be exploited well. The rise and fall in the price of Bitcoin provides opportunities for investors. trading to find a lot of profit.
bitcoin is not stagnant, bitcoin is stable and it's a different thing
There are many factors and we will no longer see scary swings as in the past
ergo, bitcoin for making money is the wrong choice at the moment
in my opinion eth, which I don't like for a daily one because it costs too much in fees, however it can give us nice surprises