Because day by day bitcoin price is increasing, I mean being higher than before every week. So if someone holds bitcoin today in a price he can sell it tomorrow in high price than yesterday. So it’s a profitable coin.
Exactly! That's really the reason. Many people will hold bitcoin so they can gain when they sell it in the future. Because nowadays, they cannot still gain much of it so that's why they need to hold it for quite sometimes so when they will sell it by the time that the bitcoins' price increases, then their gain will be bigger than the time they bought it.
