We have a lot of people who got burnt, when they jumped in when the price reached $1000. Those people are still waiting for the price to reach those levels
I find that very hard to believe. No newbie sits at a loss for over three years. They'd double down or abandon it. And hardly anyone will have paid the absolute peak price for all their coin.
Everyone saying Bitcoin can never pump again because it's mature or everyone knows about it is talking out of their ass. The only reason it hasn't pumped is because there hasn't been any demand for it.
I read a few posts by newbies dumping their Bitcoins at a loss after jumping in when the price reached $1000. I don't think many held them for years. Most newbies bought at $1000 to buy the altcoins that were pumping after Bitcoin's pump. That helped keep the price above $900 for most of December and January after Bitcoin reached $1000. Bitcoin pumped fast but didn't dump fast, whereas the altcoins often got pumped and dumped within a day. If Bitcoin pumps like that again it will probably hold a new high value for months after.