Trending...
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- Governor Newsom honors fallen California Highway Patrol Officer Miguel Cano
- Live Courageously Hosts Ann-Marie Murrell, Author, Journalist, Former Political Commentator
Two-thirds of cryptocurrency investors seek to build long term wealth, and time is on their side. Just one-in-eight seek to trade the market's ups and downs.
ZURICH - Californer -- According to new research by crypto comparison service CryptoBuyer.com, 68% of investors who bought crypto in 2021 are looking to build wealth over the long term. In contrast, just 12% actively tried to trade the market's many ups and downs and 14% bought crypto primarily for fun. The percentage of those who bought crypto to spend or send was negligible. CryptoBuyer.com stated that its survey, which ran across 1,256 investors in the first half of September, showed that the commonplace view that "crypto investors are mostly short-term speculators, simply isn't true".
Whales buy the dip
According to Stéphane Bottine, founder of CryptoBuyer.com, « While Dogecoin, GameStop and 'meme' stocks generated buzz in 2021, most crypto investors follow a long-term 'buy and HODL' strategy ». 'HODL' is crypto jargon for 'hold'. This simple strategy entails buying and holding cryptocurrency for many years, without attempting to trade the market's many ups and downs. The largest crypto investors, known as « whales », have perfected this strategy, « as they buy and accumulate after Bitcoin has sold off », he added.
More on The Californer
Crypto is a long-term store of value
This simple strategy has delivered exceptional returns over time. Since Bitcoin launched in 2009, the cryptocurrency has seen its price rise fivefold every year on average, with a 449% annual growth rate. The founder of CryptoBuyer.com explains that « As Bitcoin's supply is limited, its price has risen over time as more people enter the market, almost mechanically driving up demand. These findings underscore crypto's appeal as a long-term store of value, in spite of its short-term volatility ».
Demand for crypto on the rise
2021 was a watershed year for crypto-currencies, with institutional investors making their first large scale forays into the market. The tide of institutional money shows no sign of abating, with Germany recently allowing its institutional funds to allocate up to a fifth of their assets in cryptocurrencies. Meanwhile, in the United States, Coinbase is partnering with providers of retirement plans. Stéphane Bottine added that « the outlook for cryptocurrencies has never been better, with inflation on the rise, interest rates expected to remain low and central bank digital currencies going mainstream in the near future ».
Whales buy the dip
According to Stéphane Bottine, founder of CryptoBuyer.com, « While Dogecoin, GameStop and 'meme' stocks generated buzz in 2021, most crypto investors follow a long-term 'buy and HODL' strategy ». 'HODL' is crypto jargon for 'hold'. This simple strategy entails buying and holding cryptocurrency for many years, without attempting to trade the market's many ups and downs. The largest crypto investors, known as « whales », have perfected this strategy, « as they buy and accumulate after Bitcoin has sold off », he added.
More on The Californer
- California: Governor Newsom proclaims Independence Day 2025
- Gundam GQuuuuuuX Takes Center Stage at Anime Expo 2025
- John Duffy Competes in Mr Muscle Beach
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- Thorn & Bloom Magazine Unveils Groundbreaking Second Edition: "Breaking the Cycle"
Crypto is a long-term store of value
This simple strategy has delivered exceptional returns over time. Since Bitcoin launched in 2009, the cryptocurrency has seen its price rise fivefold every year on average, with a 449% annual growth rate. The founder of CryptoBuyer.com explains that « As Bitcoin's supply is limited, its price has risen over time as more people enter the market, almost mechanically driving up demand. These findings underscore crypto's appeal as a long-term store of value, in spite of its short-term volatility ».
Demand for crypto on the rise
2021 was a watershed year for crypto-currencies, with institutional investors making their first large scale forays into the market. The tide of institutional money shows no sign of abating, with Germany recently allowing its institutional funds to allocate up to a fifth of their assets in cryptocurrencies. Meanwhile, in the United States, Coinbase is partnering with providers of retirement plans. Stéphane Bottine added that « the outlook for cryptocurrencies has never been better, with inflation on the rise, interest rates expected to remain low and central bank digital currencies going mainstream in the near future ».
Source: CryptoBuyer.com
0 Comments
Latest on The Californer
- Orion Retreats: Pioneering the Future of Conscious Leadership and Luxury Wellness Tourism
- Cynthia Pinot Among Artists Selected for Renowned London Art Biennale 2025
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
- California: Governor Newsom statement on passage of Trump's "Big, Beautiful Betrayal"
- From Barrio to Transgender Pioneer: Chapter 12 of A Letter to Pawtone
- MERCURY INSURANCE NAMED ONE OF AMERICA'S GREATEST WORKPLACES FOR PARENTS & FAMILIES AND FINANCIAL SERVICES BY NEWSWEEK
- Ahead of Holiday weekend, Californians see lowest July prices at the pump in 3 years
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- Porta Potty USA Expands its Convenient Portable Restroom Rental Services Business in Montana Area
- Countrywide Fence Rental Expands its Temporary Fence Rental Business in Minnesota Area
- A Shepherd's Legacy: Honoring the Life and Impact of Pastor Ross Reinman
- California: Here's how President Trump's tax cuts for the ultra-rich will hurt YOU
- New Media Film Festival Announces Winners
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- DetailAxis Unveils it's 'Business Engine': Powerful AI Systems for Auto Appearance Pros
- California: Governor Newsom announces appointments 7.2.25
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side