Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
No, they will not give up because the government did not trace who are those people who had bitcoin holding, they can hide while having transactions of bitcoin. Still, they can use p2p exchange even though their country has been banned bitcoin. Look at China, even there are very strict on using bitcoin and crackdown on bitcoin mining but still, people still have bitcoin.
There's no one who will stop you if you want to use bitcoin and hiding your identity in the first place will always have a guarantee.