Hold on to Bitcoins?

Boston, MA Boston Public Garden

Holding on to Bitcoins (BTC) has never been more popular: Pierre Rochard recently suggested holding Bitcoin for a longer period incentivizes users, whereas holding onto fiat currency was only lucrative in the short term. Rochard's comments can be backed with factual data as it was recently revealed holding of Bitcoin was profitable for 3817 days out of a total of 3869 days of Bitcoin’s overall existence. That is equivalent to 98.66 percent of the time since Bitcoin was introduced.

Saifedean Ammous an economist and author concentrating on Bitcoin, who authored the first academic book on the economics of Bitcoin, The Bitcoin Standard: The Decentralized Alternative to Central Banking, published by Wiley in 2018, also put forward his theory and explained:

“Investing in holding coins also finances Bitcoin security & increases its liquidity, thus increasing its chances of disrupting central banking & global payment settlement networks. Like any investment, it forgoes current goods for greater reward, while incurring risk.”

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