Bitcoin investors dig in for long haul in 'staggering' shift


Source: asianewsday.com asianewsday.com

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© Reuters. FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/Illustration/File Photo 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...