There are currently over 16.6 million Bitcoin held by long-term holders, a cohort often referred to as “smart money.” But the uncomfortable truth is that most of them aren’t smart money at all.
Worth adding: long-term holder is a time filter, not an intelligence filter. It lumps in lost coins, forgotten wallets, and people who got lucky and later called it conviction. The genuinely informed money usually moves before a coin even crosses 155 days into that bucket.
I bought 99% of my bitcoin in 2017, and I still have almost all of it, I sold 1% of it this year at 10 times what I bought it for. I would call that smart money. You have to hold for more than 4 years preferably 10 years. 155 days is way too short. When btc hits 150K, I will probably sell 1 coin and still have 97% of my bitcoin.
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Worth adding: long-term holder is a time filter, not an intelligence filter. It lumps in lost coins, forgotten wallets, and people who got lucky and later called it conviction. The genuinely informed money usually moves before a coin even crosses 155 days into that bucket.
I bought 99% of my bitcoin in 2017, and I still have almost all of it, I sold 1% of it this year at 10 times what I bought it for. I would call that smart money. You have to hold for more than 4 years preferably 10 years. 155 days is way too short. When btc hits 150K, I will probably sell 1 coin and still have 97% of my bitcoin.
Hodl ain’t what to used to be…
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