Recent analytics data shows that early Bitcoin investors have no intention of selling their BTC reserves
According to the tweet shared by popular on-chain data vendor Glassnode, the very early Bitcoin investors, whose stashes are older than ten years old, are not selling their BTC.
The number of wallets last active more than ten years ago, i.e. 2012 and before, saw a significant increase and the Bitcoin stored there reached an all-time high of 2,386,849.127 rooms.
Back in those days, what is known now as the largest global cryptocurrency by market cap was the only cryptocurrency and worth less than $100. Besides, the mysterious Bitcoin creator Satoshi Nakamoto was still around then, talking to developers on forums and via e-mail.
While many old-school BTC investors are still sitting on their Bitcoin, longer-term holders are jumping on the BTC bandwagon. The reason for this is the wider adoption of BTC and also the fact that several Wall Street companies and high net worth individuals, even big name billionaires, like Paul Tudor Jones, Mark Cuban, Robert Kiyosaki and Elon Musk have started trading the Bitcoin as a store of value.
Long-term holders are known as “diamond hands” in the crypto community, no matter which coin they hold, they hold it tight.
On the other hand, the so-called “paper hands,” or weak investors, who came into crypto to make a quick buck or are scared because of FUD, continue to sell their Bitcoin holdings.
As an example, additional data from Glassnode shows that the number of wallets holding 100+ BTC has dropped to a five-year low of 15,650.
