Two-thirds of Buy-and-HODL crypto investors | New

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ZURICH, Sept. 21, 2021 / PRNewswire / – According to a new study from cryptocurrency comparison service CryptoBuyer.com, 68% of investors who bought cryptocurrency in 2021 are looking to build wealth for the long term. In contrast, only 12% actively tried to trade the many ups and downs of the market and 14% bought cryptos primarily for fun. The percentage of those who bought crypto to spend or send was negligible. CryptoBuyer.com said that its survey, which looked at 1,256 investors in the first half of September, showed that the current view that “crypto-investors are primarily short-term speculators is not everything. simply not 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 are following a long-term ‘buy and HODL’ strategy. Is the crypto jargon for “hold”. This simple strategy involves buying and holding cryptocurrencies for many years, without attempting to trade the many ups and downs in the market. The biggest crypto investors, known as the “whales,” have perfected this strategy, “as they buy and accumulate after Bitcoin sells,” he added.

Crypto is a long-term store of value

This simple strategy has generated exceptional returns over time. Since the launch of Bitcoin in 2009, the cryptocurrency has seen its price quintuple each year on average, with an annual growth rate of 449%. The founder of CryptoBuyer.com explains that “As the supply of Bitcoin is limited, its price has increased over time as more and more people enter the market, almost mechanically increasing demand. These results underscore the point. The appeal of crypto as a long-term store of value, despite its short-term volatility.

Demand for crypto on the rise

2021 has been a pivotal year for cryptocurrencies, with institutional investors making their first large-scale forays into the market. The tide of institutional money shows no signs of abating, with Germany recently allowing its institutional funds to allocate up to a fifth of their assets to cryptocurrency. Meanwhile, in the United States, Coinbase is partnering with pension plan providers. Stéphane Bottine added that “the outlook for cryptocurrencies has never been better, with inflation rising, interest rates expected to remain low and central bank digital currencies to become widespread in the near future. “.

Media contact:

Stéphane Bottine, CryptoBuyer.com

[email protected]

Pictures):

https://www.prlog.org/12886116

Press release disseminated by PRLog

View original content: https://www.prnewswire.com/news-releases/two-thirds-of-crypto-investors-buy-and-hodl-301381766.html

SOURCE CryptoBuyer.com

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