Who will be buying when BTC is at $500k?

I was just wondering how this would all unfold. I get the phrase "you get BTC at the price you deserve," but who’s actually buying at that level? Even if others are still interested, most would likely only put in smaller amounts $1K, $5K so wouldn’t that have minimal impact on the price movement? Are there really enough people out there willing to commit serious capital at this stage, or will the majority just move on, thinking they missed the BTC train and start looking elsewhere? Or is this now strictly a game for pensions, institutions, and even nations?

Curious to hear some Reddit takes, especially with BTC holding steady around $100K the past few days.