imagine all those people who sold Apple, Microsoft, Amazon in the 1999 bubble. I bet they own those stocks again, probably cashed out and bought a lambo, only to buy back the shares at double to even 10x the price. will the same happen to bitcoin?
I don't think that wealthy people will just buy Lambo because they want to have more ways to increase their money. I think that happens too with bitcoin whales. The bitcoin whales already sold their bitcoin at $19k, and wait for a while until the bitcoin price reaches the lowest price to buy back bitcoin to have more bitcoin.
I guess many people who have bitcoin will do that because that is their way to make more money from bitcoin, and they will not stop doing that, especially if they see the chance for bitcoin to touch the highest price still wide open. People are waiting for the time of bitcoin price to start increase, while some of them are still buying more bitcoin.