The reason why bitcoin keeps rising is because the demand increases. There are more people wanting to buy bitcoin instead of selling it. But when bitcoin hits a certain price, let us say $100k, will there still be people wanting to buy? The answer is yes. Some people are driven by what they see currently. They can't look at bitcoin at $70k and think that it would be smart to buy. But those who have been around crypto knows that when bitcoin is dipping that is exactly when you should buy and when bitcoin has reached a high value that is when you should sell.

But those who get FOMO and can't take risks tend to buy when the market is green effectively keeping the demand higher than it already is. If you already bought bitcoin when it dipped, should we be thanking those who get FOMO and allowing us to make profit? Haha. The early bird gets the worm. It is true and applies even on bitcoin.

Partly, we should thank them because they were able to increase the demand and make btc price grow. But we all know they won’t be investing for so long since majority of them only end up selling at loss, and some may even probably claim that bitcoin is a Ponzi scheme, when we all know it’s them who created their own loss, not bitcoin itself.

The one we should thank are those financial institutions who are making maximum purchase with bitcoin. They brought positive impact to the market, that’s why we come to benefit btc price surging high until it reaches its new all-time high.