Gauging Institutional Interest Around Bitcoin

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HODL Waves

“Do you know that when bitcoin went from $17,000 to $3,000 that 86% of the people that owned it at $17,000, never sold it?

“Well, this was huge in my mind. So here’s something with a finite supply and 86% of the owners are religious zealots. I mean, who the hell holds something through $17,000 to $3,000? And it turns out none of them — the 86% — sold it. Add that to this new central bank craziness phenomenon.” – Stan Druckenmiller on his discussion with Paul Tudor Jones 

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