of course I hope that no one actually spends their bitcoins also because in India we really need reserves of value that could really help people who are in economic difficulty and who could find a way of hope with bitcoins
Bitcoin is no longer the crypto that the Indians are after in 2024. They are after coins/tokens that can make their investment grow by 10x or 50x. That is the reason why India has the second larget investor in meme coins. That is because a large number of investors are students or employees belonging from the middle class who are okay to take a big risk to succeed in this crypto rush. It is similar to what happened early in 2000 and late in 90s when the same middle class were joining MLM companies like Amway.