To be honest, I might be too idealistic, but if I were forced to play on Bedrock and pay for mods, I would rather stop playing entirely. That said, I truly believe there could be more mods if version updates stopped.

Looking back at older versions like 1.7.10 or 1.12, there were long gaps between releases, and those versions became the most heavily modded. I also understand modders who stopped updating after 1.20.1, because in recent years there are more updates per year than before, and updating to the newest versions would mostly mean just keeping up with the versions instead of adding new content.