I'm of the opinion that while this is not an unusual move for bitcoin in its history, holders from the start who now have way too much of their wealth in coins

I'm of the opinion that while this is not an unusual move for bitcoin in its history, holders from the start who now have way too much of their wealth in coins should definitely cash out to a more reasonable amount. There are lots of bitcoin millionaires out there who really need to think about what having >30% of their money in bitcoins really does to the volatility of their portfolio. It's still the same bitcoin from 2013, but do you really want it to be that much of your portfolio?