well, we can't say that a profit of $40k isn't profitable for an investor that has a good quantity of Bitcoin and surely being profitable in Bitcoin investment doesn't necessarily mean that Bitcoin will have to shut up too high before you will be in profit. Depending on the quantity you've been able to stack till you have such difference, $40k profit isn't a bad one and from what i have come to realize, what's really important isn't that the margin is too big but rather,
How many people do you think own a Bitcoin?
There are around 800K+ wallet address that own an Bitcoin and 47million wallet with atleast $1.
A rough estimate but you can tell what am playing out.
I don't own a Bitcoin yet so I spoke from my POV and accumulating for 10 years?
How many people do you think have been aware of accumulating Bitcoin for 10 years.
Don't forget Bitcoin is just 15 years old and it's exposure 10 years ago wasn't like present.
well, we aren't sure whether or not those earlier Bitcoin holders that starting buying Bitcoin when it was at $16k have been able to HODL till now. I guess part of the problem they might have faced just like what some persons are currently facing is the uncertainty that was in there minds at the time regarding whether or not Bitcoin will be able to get to $60k or not and some might have refused buying or might have probably sold at the price of $16k because they might seems to be in a good profit based on the price of Bitcoin as at the time they started stacking
You can confirm from explorer addresses that have bought Bitcoin around that range or lower and still holding
Some are even still accumulating
Microstrategy started buying since 2020 and still buying till now with last purchase around $68K+
These are examples of body or people that believe Bitcoin at its current price is still too cheap so why do they need to sell now.
There are individuals in this forum that have been holding Bitcoin for longer periods, I even have a friend that's still holding well not Bitcoin but Ethereum since it fell after FTX
And he isn't planning on selling anytime soon.
Stronghands exists.