He
Tweeted, and I quote -
because 10mil people trying to buy 1 BTC over a few years would push the price out of reach. And many current hodlers are not selling. Eg very few of the recent whole coiners would re-sell, probably moving up to their next target for extra bitcoin, most are trying to buy more!
The current holders are not selling now, but they will be tempted when the price reaches the peak of the previous cycle or if it will surpass it. People who massively profit from holding Bitcoin need to sell it to realize their profits. You can point out to examples of people selling houses or cars for BTC, but if you go to a house or car market, 99.9% of deals could not be paid with Bitcoin. So whenever price goes up, therre's a massive downward pressure caused by people who want to actually spend their money instead of hoarding it until they die.
You are right, but don't forget that for a market to be seen as healthy, there have to be the presence of sellers and buyers alike, it's alright is at times, the sell pressure is higher than the buying pressure, very normal because, for the price to get to that peak you mentioned, it means that the buying pressure was once higher than the selling pressure, it's normal with every market, it's what drives the market up or down, and that is how profit or loss is realized.
Also have in mind that, when the price of bitcoin reached its peak, and investors start selling, they are selling because some one is buying, even at the pick of the price, they are selling it to ghost of spirits somewhere, real people are buying, that why they are able to sell it in the first place, so the sell is not a problem if you ask me.