OK, but who/what will the top holders of BTC exit to? In what scenario will the price go to zero? "Bans" are not going to do it. It was designed toward censors

OK, but who/what will the top holders of BTC exit to? In what scenario will the price go to zero? "Bans" are not going to do it. It was designed toward censorship resistance. That moves it to an underground, at best. The top holders are not going to dump it - they've committed book value assets; mining companies, exchanges - they aren't going to exit. For their continued existence to make sense they want more things to be traded in crypto, so they invent stuff like "NFT" and "DeFi". Half of it is crap, but I have been around long enough to remember when Wall Street was bullish on "3D Television". Investors always want angles to make their current holdings more valuable, and as of this moment there are far too many crypto projects to be aware of them all. The re-investment rate is huge. Far different from when a penny pumper puts out the "good news" that they have put their logo on a race car and have t-shirts available. So as I see it, it's either not a Ponzi or everything is.