“Hodling” remains popular

When a Bitcoin owner back in 2013 mistyped his contribution to a thread and – no longer entirely sober – entered not “I am holding”, but “I am hodling”, he never imagined that he had created a lasting new expression. “Hodling” Bitcoin as a safeguard of value continues to enjoy uninterrupted popularity, as current figures show.

The proportion of Bitcoins that have not been moved for at least five years is higher than ever. In its “Coin Metrics’ State of the Network: Issue 9” of July 19, the crypto-statistics portal Coinmetrics identified 3,847,859 Bitcoins that had remained stationary for five years or longer.

The authors concluded that this was a sign that Bitcoin is increasingly becoming a store of value. While this trend is clearly apparent, there are, however, other good reasons for the lack of mobility: According to research by Chainanalysis, between 2.8 and 3.8 million Bitcoins can no longer be moved because the associated private codes have been lost. On the other hand, if these Bitcoins were to be permanently withdrawn from the network, this would serve to increase the value of the remaining Bitcoins.

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This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Bitcoin AG and does not constitute a prospectus of Northern Bitcoin AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and  nvestment matters, please consult qualified professional advice. This release and the information contained herein are not for distribution, directly or indirectly, in or into Canada, Australia or Japan.

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Dr. Hans Joachim Dürr
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E-Mail: h.duerr@northernbitcoin.com
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Sven Pauly
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