Hodlers Will Never Sell ?
I dig this headline…!
GOVERNMENTS WON’T CONTROL BITCOIN, HODLERS ‘WILL NEVER SELL’: EXPERT
“As part of a Twitter debate beginning on October 28, ‘The Bitcoin Standard’ author Saifedean Ammous challenged the idea rogue actors would crash Bitcoin in future.
Pumping the Bitcoin price would not make long-term investors, or HODLers, want to sell. As fiat currency has unlimited issuance, there would be no incentive to give up BTC holdings.
‘I think lots of (Bitcoiners) will never sell their last coins for any price in fiat. They might have to spend it to survive, but they’ll never accept owning fiat & zero BTC,’ Ammous reasoned.
‘The higher the price, the truer this is. If USD drops to 10 satoshis, why would you want to hold any USD?'”