DCAing makes more sense in that regard because you live through the whole process.
When people did enough research about the market: its historic market cycle, psychology of market cycle, and best investment strategies; then if they pick DCA strategy for their investment journeys, it's good. Because they already understand about the market at acceptable level, and prepare their mentality about market dumps, bear market time, as well as what can happen during bearish months like a lot of FUD.
It's helpful for them to have strong mentality, and diamond hands to DCA bitcoin and hold their bitcoins, in meantime of upcoming bull market and new ATH.
There is once catch though, if you go with lump sum and somehow dont do anything stupid in the first 3-4 years of your journey, youll probably make more money. It is not an easy task but often more rewarding.
If they don't do stupid things like buying bitcoin, then trading it.
If they don't do super stupid things like trading bitcoin in margin or futures trading.
If they don't do these things, they can hold their bitcoin and after 3, 4 or more years, they will have good profit. One market cycle is about 4 years, and hodl camp map shows that if Bitcoin holders can hold their bitcoin for a little bit more than 5 years, profit comes.
https://hodl.camp/