No Ceiling in Sight for Bitcoin Value, Analysts Say
On 2/17/21 at 4:39 PM EST
Bitcoin s surge to $50,000 for the first time has created a new acronym: HOFDL Hold On For Dear Life. Hof-del captures both the buy-and-hold strategy driving Bitcoin higher and the cryptocurrency s inevitable volatility in the future. Bitcoin is the gold standard of cryptos, Dr. Richard Smith, CEO of The Foundation for the Study of Cycles, a non-profit research institution based in Pittsburgh, told
Newsweek. There is a fixed number of Bitcoin. Many holders have a never sell attitude and we haven t seen that before.
Twitter chief executive officer Jack Dorsey has said he is passionate about Bitcoin.