We only need ordinary people like you and me to start using Bitcoin in any way each person would like.
Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.
¯\_(ツ)_/¯
I usually say that I am against HODLing but that doesn't mean I only see the downsides of HODLing and nothing positive. When I say that I am against hodling, I mean that in order for Bitcoin to be successful and massively adopted, it has to be in circulation and massive usage. If we hodl and do nothing, no good or service will be created and it will kill Bitcoin, hodling won't magically make it go to the moon.
In considering Bitcoin as an investment this is the best strategy, I get the circulation and massive usage but we can also not ignore the fact that many still has other view of Bitcoin like an edge against inflation, a means of financial freedom from government and the likes, which means while they HODL bitcoin from the fact that none can disrupt the fact that it is currently the best store of value, many still have what they use Bitcoin daily and that is why we often see many complaining when we face issues of Mempool congestion.
At the same time, I want to admit that it's good that some people hodl because the majority of bitcoins shouldn't end up in the hands of corporations like BlackRock and in the hands of centralized exchanges like Binance.
Yes this is another reason for HODLing limiting the circulation of these big organization to avoid any form of centralization or market manipulation
Yeah, they can only do two things with it, luckily: hold and sell, with regulations for staking, manipulations, and other things (I mean, like selling all of them at once, for example, due to regulatory oversight and potential impact), as I understood. Smart money always tries to get better positions for themselves, so we need to be vigilant.