Bitcoin Hodling Confidence Decline
The phenomenon of 'hodling' Bitcoin may decrease as confidence in its value as a store of value diminishes.
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
"Still, it's an ominous sign at a time when the U.S. government's executive branch is highly supportive of cryptocurrency."
"Crypto analyst Willy Woo issues a warning: 'BTC can stay oversold for more months that one can stay solvent.'"
"That sale would appear to conflict with a White House order requiring forfeited Bitcoin to be held, not liquidated."
"If nobody spends Bitcoin today, however, it will not develop into generally accepted money tomorrow."
"there is no point in holding an asset that loses 80% of its value."
"A network where coins rarely move can start to resemble a static vault rather than a dynamic marketplace."
"Citigroup, for example, this week reiterated the bank's view that bitcoin doesn't exhibit store-of-value properties."
""Nelson expressed frustration over the continued view of Bitcoin as a mere lottery.""
"Bitcoin's frequent price fluctuations undermine its reliability as a store of value or as a hedge against inflation, at least in the short term."
"Bitcoin fell 2.06% to $26,065."