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?
The only thing that comes to my mind is that Chinese fud always occurs when bitcoin is at its highest point. I'm not sure whether it's genuine fear about the economy, but I'm guessing they're just exploiting it to potentially dominate the market, with whales profiting from the fall of BTC's path to 100k. A scenario like this has already occurred, and I seriously doubt that they are giving up or losing faith in cryptocurrencies; in fact, they are quite clever in their use of it to increase profits and take use of it.