Wow, this is really great information to know.
More holders mean growing trust in Bitcoin. Even though there have been some downtrends, more people are still committed to long-term holding. I think this helps strengthen Bitcoin, and maybe we won’t see those massive dumps like we’ve seen in the past.
This was one of my grave mistakes when I was just starting my journey in this forum.
Back in 2017, I was still a college student with relatively no money to use on. With friends constantly hanging and eating, I somehow used majority of the BTCs I earned through my participation in campaign signatures. Fast forward to 2019, I have witnessed two (2) forks that significantly increased the price of BTC in the market. Till this day, I still regret selling majority of my BTCs back in 2017-2020. If I just somehow saved 50% of it, I could have built a strong foundation and various investment portfolio.
OP, I do resonate with what you have mentioned. Long-term HODLing will be the key in order to maximize our investments in BTC. I do think that in ten (10) years from now, the price would increase like what happened when BTC reached $20,000 in 2019.