If someone did hodl bitcoin starting from 2022 then they should have earned a lot of profit since the price at that time was around 15k-16k in dollars and when it increase to 40k later on then that's already a sure profit if they sold at that price and when it increase more up to 100k so that's a total of 84k increase from 16k price bitcoin on 2022. I am sure that there will be new things or tech that is implemented or made like ETFs so, it will become a news and maybe affect the price of bitcoin to increase.
Do you know that some could have actually bought during that year when the price was around $16k and still lose money instead of making a profit? Some investors are just not patient enough and could be moved and influenced by anything. They can sell when the price is experiencing a correction with the intention of trying to protect their assets and later buy back high and end up selling low. If there will even be a profit, they will end up making little that's not worth the stress. I know of someone like that, but if the investor is following up, 2022 till now is enough profit to be proud of.