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This logic is actually quite interesting and might really work.
The narrative of IQ50 is now as follows: BTC has been controlled by traditional capital and is no longer the BTC of the crypto natives. Therefore, the crypto community needs a Bitcoin that truly belongs to us.
If IQ50 can gain consensus all the way up, it might really be able to siphon off some traffic from BTC believers. After all, in this day and age, whoever rises the fastest has the voice.
This kind of "truly belongs to us" rhetoric comes every year, and what is the result? When it rises, everyone acts like a parent, but when it falls, nobody wants to recognize it.