According to data from IntoTheBlock, the average Bitcoin investor tends to sell their holdings after more than 4 years.
In Short
The average holding period for Bitcoin is 4.2 years, while Ethereum and Dogecoin have an average holding period of around 2 years.
Long-term Bitcoin holders can achieve significant gains, with some seeing returns as high as 15x from 2017 to 2021.
Bitcoin prices recently touched $30,000 and are expected to rebound in the future.
Investing in cryptocurrencies, especially Bitcoin (BTC), can be a successful strategy, provided individuals are savvy enough to hold onto their assets during turbulent times and manage to sell in the market at the right time.
According to research by IntoTheBlock, the average holding time for major digital assets is 4.2 years. The data science company also noted that, in comparison, people tend to hold Ethereum (ETH) and Dogecoin (DOGE) for approximately two years on average. Other leading cryptocurrencies ahead of BTC include Ripple's XRP.
It's worth noting that if an investor were to decide to give up their BTC holdings today (after holding for 4.2 years), they would make nearly 200% profit.
Furthermore, those who entered the Bitcoin ecosystem in the summer of 2017 and sold in the fall of 2021 (during a major bull market for the asset) would see returns of nearly 15x their initial investment.
The prices of major cryptocurrencies have recently surged, surpassing the coveted $30,000 mark. Additionally, some analysts predict that potential bullish factors in the coming months could further drive the market upwards.
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