I sold out of my position because of the energy consumption but more importantly that bitcoin feels now like it's 100% dependent on greater fools. Like a pyrami

I sold out of my position because of the energy consumption but more importantly that bitcoin feels now like it's 100% dependent on greater fools. Like a pyramid scheme, those who buy now must convince others to buy later to increase their wealth. It seems that momentum is the real driver of bitcoin price now not value. The end result is massive inequality especially as institutional investors buy in and the marketing gears begin to wind up. At least with an inflationary currency like USD, there's an incentive to work and put your money to work. Bitcoin feels like it mostly rewards the hoarders.