One of
What's the point of HODLing bitcoins? Do you think that if we all hold, the value of the coin will go up? Why do you expect increased demand for Bitcoin in the case of Hodl when there are alternative cryptocurrencies? There is no point in holding money, money has to be in circulation for new products to be created and for services to be done. That's how this world works and functions.
One of the points why people are hodling Bitcoin is because Bitcoin is a solid asset and the price always recovers in value after a decrease. Wealth comes from waiting, people will not like to invest their money on shitcoins and lose their money in the course of waiting through a rug pull or the price of the shitcoin dropping by -90% and not recovering again. People choose to buy Bitcoin and hold it for years because they know that holding Bitcoin's safer than hodling a shitcoin
Apart from the price recovery the real reason why people trust Bitcoin is a project that is truly decentralized and completely under the control of its users so no one can able to control it or ban it like most shitcoins which keeps encouraging people to invest more and more once they start to reap the actual profits from bitcoin investment.
Currently, we are at $27K, a small discount price so whoever got the money doesn't miss the deal.