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?
probably the ones that give up on bitcoin when governments starts to ban them are the businesses that are based on them, whether its sites or shops or whatever that uses bitcoin or crypto in their transactions, if governments decide one day to ban it they would go down, but even then they won't give up and maybe they will try to find other ways or other places to shift their business to, and to be honest i don't think that government have the ability to totally ban crypto or bitcoin, if it has value and people still use you will find people that will use it in the shadows just like any other thing that is made illegal.