Crackbeast
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**#Bitcoin #cryptocurrency #Coinshares #hodl #crypto**
**CSO Coinshares: Hodler sees the opportunity in the collapse of Bitcoin price**
The price of Bitcoin has fallen by more than 50% from its peak of nearly $69,000 in November. This has led some investors to panic and sell their Bitcoin holdings. However, others are seeing the opportunity in the collapse of the price.
"This is a buying opportunity," said Meltem Demirors, CSO of Coinshares. "Bitcoin is still up over 100% year-to-date. This is a normal pullback in a bull market."
Demirors believes that the long-term trend for Bitcoin is still up. She points to the fact that the number of Bitcoin addresses with a balance of over 1 BTC has continued to increase, even during the recent price decline. This suggests that there are still a lot of HODLers who are not selling their Bitcoin.
"The HODLers are accumulating," said Demirors. "They are seeing this as an opportunity to buy Bitcoin at a discount."
Demirors believes that the price of Bitcoin will eventually recover and reach new highs. She says that the long-term fundamentals for Bitcoin are still strong.
"Bitcoin is the hardest money ever created," said Demirors. "It is a store of value that is not controlled by any government or central bank. This makes it a valuable asset in a world that is increasingly unstable."
Demirors' comments come as Bitcoin continues to trade below $30,000. However, she believes that the price will eventually recover and reach new highs.
**References:**
* [Coinshares: Bitcoin HODLers are accumulating](https://coinshares.com/research/bitcoin-hodlers-are-accumulating)
* [Bitcoin price: BTC falls below $30,000](https://www.cnbc.com/2022/01/21/bitcoin-price-btc-falls-below-30000.html)
**CSO Coinshares: Hodler sees the opportunity in the collapse of Bitcoin price**
The price of Bitcoin has fallen by more than 50% from its peak of nearly $69,000 in November. This has led some investors to panic and sell their Bitcoin holdings. However, others are seeing the opportunity in the collapse of the price.
"This is a buying opportunity," said Meltem Demirors, CSO of Coinshares. "Bitcoin is still up over 100% year-to-date. This is a normal pullback in a bull market."
Demirors believes that the long-term trend for Bitcoin is still up. She points to the fact that the number of Bitcoin addresses with a balance of over 1 BTC has continued to increase, even during the recent price decline. This suggests that there are still a lot of HODLers who are not selling their Bitcoin.
"The HODLers are accumulating," said Demirors. "They are seeing this as an opportunity to buy Bitcoin at a discount."
Demirors believes that the price of Bitcoin will eventually recover and reach new highs. She says that the long-term fundamentals for Bitcoin are still strong.
"Bitcoin is the hardest money ever created," said Demirors. "It is a store of value that is not controlled by any government or central bank. This makes it a valuable asset in a world that is increasingly unstable."
Demirors' comments come as Bitcoin continues to trade below $30,000. However, she believes that the price will eventually recover and reach new highs.
**References:**
* [Coinshares: Bitcoin HODLers are accumulating](https://coinshares.com/research/bitcoin-hodlers-are-accumulating)
* [Bitcoin price: BTC falls below $30,000](https://www.cnbc.com/2022/01/21/bitcoin-price-btc-falls-below-30000.html)
