Bitcoin Investor: “HODL Meme” Is Making Crypto Prices Sticky

Chris Burniske, a partner at Placeholder Ventures, an investment group focused on decentralizing wealth, data, and power, recently took to his well-followed Twitter page to convey his thoughts on the cryptocurrency market, specifically through the lens of the Bitcoin “HODL” meme.

As you are likely aware, since “HODL” made an appearance on BitcoinTalk as a misspelling of “hold,” the word has skyrocketed to legendary status in the cryptosphere, with it quickly becoming the rallying cry for this industry’s diehards worldwide. And while “HODL” has produced some nice results, with early purchasers of BTC raking in the dough, so to speak, Burniske claims that it is actually harming this nascent market.

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