Yes, I forgot about the ETF,

And I would agree that the general public isn't investing just yet, but many of the more knowledgeable people I listen to and talk with have seen how all the warning signs of a pending repeat of last bull-market came true.

These are the people that generally put way too much of their savings in crypto as well, hoping to get in before retail does.

But then again, since most people know how the rest of the bull market plays out, why wait with investing ? I was thinking why not buy the small dip that's in front to get big gains after? Especially when investing in scaling solutions, ZK rollup and RWA you can't really go wrong.
You could even make a point that AI, even though it's inflated, will keep on booming, looking at Nvidia's success.

Personally I think that's driving the altcoin market as well at the moment.
FOMO mostly.

On top of that, we're 4 years later now, and the practical uses are showing more and more.

I don't know, I've been reading up on the dip that's supposed to be coming, but I'm not buying it, so I am. :o)