NEWSROOM

According to research conducted by crypto comparison company CryptoBuyer.com, only one in 8 crypto investors is actively trying to trade during market ups and downs. Two-thirds of investors follow the “buy and HODL” strategy, while one in 7 investors say they pursue investment in entertainment.

*** This release is originally published in Turkish.
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ISTANBUL (TR) - According to the "2021 Global Crypto Adoption Index”published by Chainalysis, the use of crypto worldwide has increased by 881% in the last 12 months. Crypto trading volumes in Turkey, on the other hand, increased 5 times compared to the same period of 2020. Institutional investors in developed markets made their first large-scale crypto purchases at the beginning of 2021, CryptoBuyer.com also took into account the investment goals in the crypto markets. 

According to research conducted by the crypto comparison company, 68% of investors who bought crypto in 2021 were thinking about making a long-term investment. In contrast, 14% of investors bought crypto just for fun, while only 12% actively tried to trade during the ups and downs of the market. The proportion of those who bought crypto for the purpose of spending or transferring was negligible, that is, very little. CryptoBuyer.com explained that a survey conducted in the first half of September with the participation of 1,256 investors proved that the widespread opinion that “Crypto investors are generally short-term speculators" is not true.

Whales cling to their lives

Stéphane Bottine, Founder of CryptoBuyer.com, said, "While Dogecoin, GameStop and meme-based stocks are making a splash in 2021, most crypto investors are following a long-term 'buy and HODL' strategy. This simple strategy, used as an abbreviation for “for Dear Life”, represents the tendency to buy and hold crypto for many years, not trying to trade market movements with trading. Big crypto investors known as whales implement this strategy perfectly, and Bitcoin “When prices drop, he buys more.” 

Crypto is a long-term store of value

Noting that this simple strategy provides incredible returns, Bottine said that since its debut, the price of Bitcoin has increased by 5 times, with an average growth of 449% every year. The Founder of CryptoBuyer.com continued, “Since Bitcoin has a limited supply, its price has risen sharply over time as more people enter the market, increasing demand.These findings underscore the attractiveness of crypto as a long-term store of value despite its short-term volatility.” Stating that institutional investors in developed markets made their first large-scale crypto purchases at the beginning of 2021, Stéphane Bottine said, “Looking at inflation and interest rates, I can say that the investment ground for cryptocurrencies has never been more favorable.”