A while back, some academics did a study that called Bitcoin holders “psychopaths”. That’s pretty funny, but I admit there are some obviously “strange”behaviors in our community.

The dream of human prosperity under a “hard money” system turns many people from normal investors into passionate advocates. For many, this process starts with the realization that the wealthiest and most powerful in our society secretly dip into everyone’s bank account and quietly withdraw 5%, 10% or even more of the value every year.

One way to visualize bitcoin’s core believers is to measure how much bitcoin continuously moves into accounts that just don’t sell. These psychopaths hold through extreme drops, and just keep buying more.

Now 78% of all bitcoin is held by these crazy people, an eight year high. Only 22% (and dropping) for the rest of the world to fight over.

Reply to this note

Please Login to reply.

Discussion

No replies yet.