Cryptocurrency
HODL Strong: Over Half of The Bitcoin Supply Hasn’t Moved in Over a Year
As reported by NewsBTC, “The term HODL is an acronym derived from the phrase ‘hold on for dear life,’ which became a widely popular recommendation for investors to remain steadfast in when Bitcoin’s notorious volatility peaks. “It appears that crypto investors are taking note of the tip and holding strong, as more than half of […]
As reported by NewsBTC, “The term HODL is an acronym derived from the phrase ‘hold on for dear life,’ which became a widely popular recommendation for investors to remain steadfast in when Bitcoin’s notorious volatility peaks.
“It appears that crypto investors are taking note of the tip and holding strong, as more than half of the entire Bitcoin supply has been dormant in over a year.
“Bitcoin was designed to offer many unique attributes that are a benefit over the fiat currencies that make the world go round today.
“While central reserves such as the Fed can simply print more and more fiat currencies, Bitcoin, however, is digitally hard-capped so that the supply is limited to only 21 million BTC…”