Why Bitcoin Investors’ HODL Mentality Means a Price Surge Is Coming

If you’ve perused Crypto Twitter at all, you’ve likely heard the term “HODL” mentioned time and time again in relation to “Bitcoin.” A misspelling of the word “hold,” HODL is an industry joke used by cryptocurrency investors who believe that the price of BTC will appreciate with time, primarily due to adoption and the asset’s disinflationary inflation schedule, created by “halvings” every four years.

While some see this as a mere meme, the data shows that investors are taking the HODL joke to heart, which is something that may imply a price surge is on the horizon.

Related Reading: Why Bitcoin’s Hash Rate High Suggests Price Explosion On Horizon

HODLers Hold Their Ground Ahead of Halving

According to Rafael Schultze-Kraft, a co-founder of cryptocurrency analytics firm Glassnode, on-chain data tracking the number of Bitcoin days destroyed, a metric that increases near the tops of bull markets, shows that “HODLers have been diligently holding [in] the last…