And one more thing if a person is a trying to accumulate more and more bitcoin then indirectly it will be centralised and we will just hope that they don’t sell and just ask your self do you want to depend on other people for your destiny.
That's already the case with fiat currencies. Most wealth is held by a handful of individuals which enables them to passively accumulate even more wealth.
To make matters worse though, you also have a centrally controlled monetary policy that, in the best of times, further enables the wealthy and in the worst of times, completely debases the currency for everyone else. And sometimes even both.
And to be honest I don’t like the concept of HODLING because it is a CRYPTOCURRENCY not a CRYPTOASSET, assets are meant to be hold and not currencies, Do you store use no right you spend them on things you love and buy it and that makes a country’s economy stable because their currency is trading each and every day, use, yen, euro, etc are regularly circulating and no on is holding it.
Of course fiat currencies are also held. It's just that the majority of people have to spend their money for everyday needs which makes the holding of monetary assets by the more wealthy populace less visible.
It depends on us what we want to shape crypto in a long term as an asset or as a currency, but we can’t have it both.
So far it looks like we do though.