We are going to see many new Bitcoin millionaires soon. I wonder if these people ever thought they will have their coins back?
I call it a stroke of luck; some of them hope or expect to get their coins back, but not at a price that they expect. It's like hitting a jackpot in a casino. I'm sure all of these people are excited to have their coins back. I hope some of them are part of our community and post here about their experience and the process.
Who sell will sell, who hold will hold, no more reason to be panic but prolonged distribution means the pain will be prolonged to the future too. It can be used to manipulate the market and play as a barrier to prevent Bitcoin take-off too soon. We will likely see a take off in 2025, not in 2024.
There will be sells pressure. If I was one of them, I would consider to cash out at-least a small portion. I guess it's takes ages for bitcoin to have another true bull run, even after the last halving.
Cashing out is the right thing to do, but given how Bitcoin has performed in the market all these years, you would not cash out all of it. You will expect a better price in the future.