Don't really agree about that. I think much of bitcoins (if you don't count burnt bitcoins and early miners' wallets) are now owned by large investors / bank / funds, so professional guys and not the average shaky-hands Tom.

The difference between now and 2017 is institutional investment, which is made by professionals, who are supposed to take a more rational approach.

Besides, we were floating around 10,000 USD before this bull run, so we're now at 2x, while in 2017 we went from 4,000 USD to 20,000 USD, which means 5x.

I'm confident that 18,000 USD may be a good support level, and the sky may be 30,000 USD at the end of 2021.

Of course mine are pure speculations.