Why investors are buying at 23K

I have seen many posts asking who would buy now. Or If hedge funds are so smart why didn't they buy before. Here is why

Individuals:

1. Just heard of it. 2.DCA
2. Stigma has gone down. So they are adding.
3. Earning more fiat but nowhere to put it. Real Estate too expensive, stocks too frothy (overvalued eg Tesla pe of 1300)

Institutions:

1. Stigma has gone down.
2. Marketcap big enough to be of interest. You will not see large funds getting involved with Microcaps sometimes even small caps. They need liquidity.

I am probably missing many other reasons, feel free to add.

submitted by /u/disciplinedhodler
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