I think what you have said has indeed come true.
that the intention to hold bitcoin is for the long term when they feel the price is very profitable compared to when they bought it.
but it seems that not all countries can be free to use bitcoin for transactions, so maybe every country will be different.
It is clear that people will exchange bitcoin if it is very urgent, save more and wait for the right time to benefit.
Glad that you're sharing my vision! I think that countries which don't adopt Bitcoin as a mean of payment once it has been established in more developed countries will face some drastic drawdowns. Like the efficiency of Bitcoin transactions is well-known and this will surely be an advantage for some states. No need to wait for "banking" opening or go through a lot of bureaucracy to get a payment done. Payments will be smooth and fast, thus saving time - which ultimately translates to money in the financial world.