Bitcoin hasn't been profitable to mine on GPUs since SHA256 FPGAs (which were in turn rapidly depreciated by ASICs) showed up about five years ago, but there are dozens of other cryptos that are.
Time for a new high-end part to pay for itself in the current market is pretty high, and with anything that has solid hashing performance/watt still commanding inflated prices, buying GPUs for the purpose of mining is generally not wise unless one knows exactly what they are doing and can do it on a worthwhile scale. Only reason I'm still profitable (with Ether, Monero, and others) is because I have piles of GPUs already and low electricity costs (which are essentially zero from late fall to early spring as I'd be heating the place otherwise).
You said it far better than I did.