87% Of Bitcoin Hodlers Laughing All The Way To The Bank – Here’s Why
The current state of the Bitcoin market offers a mix of optimism and caution for investors. Over 87% of Bitcoin holders are in profit, with their investments valued higher than their initial purchase prices. Related Reading: Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing? On average, these investors are seeing unrealized gains of 120%, a significant figure that reflects the substantial rally that pushed Bitcoin to its all-time high in March, according to Glassnode data. However, despite these gains, the market exhibits both encouraging long-term trends and some....
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You would think that the centralized banking powers, with the practical legal rights to literally print money for themselves, would have the wherewithal to be at the cutting edge of all forms of technology. Yet, wire transfers still take days to complete, debit cards are still made of the same plastic they were in the 70’s and banks can’t do internal transactions in anything approaching real time. Then a funny thing happened. That thing the banking kingpins have been laughing at, Bitcoin, has shown the world’s banking establishment how financial business in the 21st century should be done,....
Billionaire and crypto-asset supporter, Mark Cuban has identified bitcoin hodlers’ endurance as a model that stock investors can follow. According to the billionaire, after acquiring the asset at high prices back in 2017, the hodlers “held on because they believed in the asset.” Following in the Footsteps of BTC Hodlers These long term hodlers were unmoved even when the crypto asset lost more than two-thirds of its value after the 2017/18 bull run ended. Cuban’s remarks about BTC hodlers were in response to a request for advice to stock traders that incurred losses....
“I think Bitcoin is the future. It’s definitely going to be long term, but in ten years’ time, people who invested will be laughing. Just look at how money is inflationary, compared to Bitcoin, which isn’t.”
Vauld, formerly called Bank of Hodlers, raised $2 million in a round led by Pantera Capital to expand its crypto banking platform.
As high inflation destroys the purchasing power of fiat, these options offer hodlers a way to add to their portfolio without breaking the bank. Experienced crypto traders know that bull markets are for selling and bear markets are for accumulation, but the latter can be difficult amid a backdrop of surging inflation that saps the purchasing power of fiat currencies. As the crypto market heads deeper into crypto winter, with prices in the gutter and developers focused on creating the next popular protocol or breakout token, some crypto fans have begun to explore new ways of increasing their....