Bitcoin and cryptocurrencies represent a new asset class.
Market data for bitcoin, the oldest crypto, only goes back to 2010 on many data sources. This is about two years after its development and well before widespread knowledge of the asset.
Although the history is brief, it’s been a volatile ride for investors.
Bitcoin investors embrace the volatility and claim to “hold on for dear life.” HODL seems like a source of comfort during steep market declines.
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