The paradox is if they do the forced shitcoin scenario plus hoarding (which you can obviously see happening already) then they actually hurt the value of their stash long term. Like falling on their own sword. But they don’t see that - yet. Yes there’s a limited incentive to spend vs hodling, but @npub150q6...en2h made a decent response to that already. I would add / argue there’s also an incentive to be paid in BTC which “pulls” spending.