#内容挖矿＃CHZ

BTC is a safe-haven asset to some extent. The risk they avoid is not the risk of capital depreciation, but the risk of acceptance.

For example, in the early days of the war between Russia and Ukraine, both countries had a phased foreign exchange blockade. During this period, the national currencies began to depreciate, and the channels and exchange rates for exchanging dollars gradually turned underground. It was extremely difficult to exchange gold, securities, real estate, bonds, etc. outside the country.

In layman's terms, when you want to "run away", many so-called "value-preserving" assets are difficult for you to take away. Even if some can be taken away, it is not easy to exchange them into local legal currency or US dollars in a third country. However, BTC can do it. Some friends say that stablecoins are not safer, but that is too naive. I won't say more about this.

Therefore, when a large number of long-term holders are high-net-worth investors, their desire for short-term gains is not so strong, and the amount of funds carried by BTC will not be particularly huge. It can be regarded as a small-scale "safe haven" asset. Even if liquidation is required, it may not be necessary to rush. Therefore, long-term holders who have held positions for more than 2 cycles have now exceeded 30%, which is generally evident.

#BTC #ETH