TL;DR
- Bitcoin is typically held for 4.2 years, while Ether and Dogecoin averages are around 2 years.
- Long-term Bitcoin holders can see significant gains, with some experiencing up to a 15x return from 2017 to 2021.
- Bitcoin’s price recently tapped $30,000, with expectations of future rallies.
Investing in cryptocurrencies, particularly Bitcoin (BTC), could turn out to be a successful strategy, assuming people are smart enough to hold their possessions during turbulent times and manage to time the market to sell at an appropriate moment.
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