One thing that the big bitcoin bull run of 2017 has taught many of us is how to hodl. There are now way more people holding BTC than there were just two years ago and this trend is set to continue. Holding just a small amount may be life changing in the next decade or two.
Hodl For The Future
With over 18 million bitcoins now in circulation and the halving rapidly approaching, supply and demand is going to come into play more than ever in the next few years. It has been suggested by industry experts that anyone delving into crypto markets should hold at least one BTC.
Bitcoin pioneer and host Charlie Shrem has taken this a bit further and estimates that 5-10 BTC will be life changing in twenty years’ time.
“Honestly the best way to hold #bitcoin forever is to get 5 to 10 BTC and keep it in the cold storage that even you can’t access. I truly think that 5 to 10 Bitcoin will be super life-changing money in 20 years from now.”
Honestly the best way to hold #bitcoin forever is to get 5 to 10 BTC and keep it in the cold storage that even you can’t access. I truly think that 5 to 10 Bitcoin will be super life-changing money in 20 years from now. Everything else just spend and use as you want
— Charlie Shrem (@CharlieShrem) November 2, 2019
He may be onto something but the bottom line is that even today, this amount is beyond the reach of most people. Not many of us have 45 to 90 thousand bucks lying around to invest in Bitcoin so aiming for just one would be a more realistic target.