1. PixelPlaygroundHome
  2. Web3 News

Bitcoin’s “HODLers” Increase as Long-term Investors Stay Committed

• Web3 News • 173 views

It is reported that according to the data of Glssnode, the percentage of supply of BTC that has been active for more than five years has just reached a record …

Bitcoin’s “HODLers” Increase as Long-term Investors Stay Committed

It is reported that according to the data of Glssnode, the percentage of supply of BTC that has been active for more than five years has just reached a record high of 28.215%.

BTC’s last active supply for more than 5 years reached a record high

Interpretation of the news:


Bitcoin has come a long way since its inception, as its value has risen significantly over the years. Investors who bought the cryptocurrency at the beginning have seen their investment grow exponentially, but many have also held on to their Bitcoin, refusing to sell even in the face of volatile market conditions. This group of investors, known as the “HODLers” (a misspelling of “hold”), are committed to the long-term growth potential of Bitcoin, and their dedication is reflected through data from Glassnode, a blockchain analytics company.

According to Glassnode, the percentage of Bitcoin supply that has been active for more than five years has reached a historical record high of 28.215%. This means nearly a third of all Bitcoin in existence has not moved from its original wallet in over five years, indicating a strong dedication to long-term investment strategies. The data shows that these investors are holding on to their Bitcoin despite market fluctuations and are confident in the digital currency’s potential for substantial growth over the long term.

This trend contrasts with the early days of Bitcoin, where investors often bought and sold quickly to make profits in the short term. However, as Bitcoin has matured, the mentality of investors has shifted to focus on its potential for sustained long-term growth. With this mentality, HODLers have committed to holding on to their Bitcoin, despite the temporary turbulence of the market.

The fact that so much of Bitcoin’s supply remains inactive for more than five years is a sign of how committed Bitcoin’s long-term investors are. They are the ones who truly believe in the digital currency’s potential and remain steadfast in their commitment to its success. This dedication shows that the growth of Bitcoin and other cryptocurrencies in the coming years will be driven by long-term investors rather than speculators looking for quick profits.

In conclusion, the steady rise of long-term investment strategies in Bitcoin is a positive development that bodes well for its future growth. The HODLers’ commitment to Bitcoin, as shown by Glassnode’s data, indicates a strong belief in its potential as an investment, which could lead to even greater adoption of the cryptocurrency in the future.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/2895/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/24/2023 20:36
Next 02/24/2023 21:24

Recommended articles