people tend to hoard bitcoin because they have a desire to sell bitcoin at the highest price. if we examine further, it can happen but it takes more time like a long term investment. it's good if we are patient to wait and don't panic about the ups and downs of the crypto market. for people who hoard bitcoin they believe that the price of bitcoin will get higher over time and that is very likely to happen. But remember, you have to stay alert and be careful in making decisions so you don't get disappointed in the future.
hoarding bitcoins is tantamount to holding bitcoins and storing assets in bitcoins. Seeing the profits of people who have held bitcoin to date, makes me feel that the reason for hoarding, or holding bitcoins long term is to make a big profit, and that has been very evident. It's just that, people are afraid of the risk that the bitcoin price will dump, and so on.
however, people hold back on it because of its potential which can be expensive. even today, it is likely that many people are hoarding bitcoins to see the $100k price hit.