Bitcoin investors dig in for long haul in ‘staggering’ shift

Published by
Reuters UK

By Medha Singh and Lisa Pauline Mattackal (Reuters) – As bitcoin heads into 2022, a growing cohort of long-term investors is doubling down on its stashes of the cryptocurrency, hoping a December dip was merely a festive blip. Some industry watchers point to the underlying stability of such long-term investments as potentially promising indicators for the capricious cryptocurrency. Since last July, for example, the amount of bitcoin held in digital wallets with no outflows for more than five months has been steadily increasing, according to digital currency brokerage Genesis Trading. In additio…

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