Not by no-coiners or people who missed buying the dip, but actual HODLers like us.
Even though Michael Saylor is buying as much bitcoin as he can, some people don't seem to like him at all, and it shows for example on Telegram channels and sometimes X/Twitter.
I feel excited and scared at the same time, not for me but for Michael, because I am sure that the bears will always haunt Bitcoin forever, the volatility will be lower for sure but the higher the amount you invest the more damage you will take when a small percent is off the BTC value, let's say just a 10% loss will be significant for anyone that invested millions of dollars in BTC.
I don't know what 2026 will look like but thats another bear market period, I hope he is ready for this, but one thing is sure, the bulls will always be back, Michael have been around for long now, I am sure he won't be surprised when the bears hit, because it is only a matter of time before BTC makes another all time high price again.
A long term holder is never a loser in this space, if he understand this then he will be the smartest investor in the future.