• Despite a wave of bad news in 2022, the cryptocurrency market remains resilient
• Bitcoin's transaction volume exceeds 30000 US dollars, increasing by 80% so far this year
• With the increasing hoarding of Bitcoin in personal wallets, HODL may be the secret to Bitcoin's success

Since November 2021, 2022 has been a terrifying bear market for cryptocurrency investors. The leading cryptocurrency, Bitcoin, has fallen from $69000 to $15.5 million in just a few months.

Other cryptocurrencies are slightly inferior.

In the past year, the field has suffered a wave of negative reporting. Think about the bankruptcy and bankruptcy of FTX, which is also the largest fraud in modern history.

In addition, the $2 trillion stock market bear market is the largest (relatively short) cryptocurrency market in history. In addition, several cryptocurrency lending companies have declared bankruptcy.

In the end, over 300 lawsuits and regulatory cases scared away investors.

However, the market rebounded. It has surprising resilience and has benefited investors who firmly believe in it. For example, the transaction volume of Bitcoin exceeds $30000, which has increased by 80% so far this year.

Hoarding Bitcoin in personal wallets is a sign of proactivity

Recent research by Bank of America has shown a positive and proactive development trend in the cryptocurrency field. HODL may be the secret to Bitcoin's success. According to this study, after the price of Bitcoin jumped above 30000 yuan, my personal behavior of hoarding digital assets in my wallet increased.

Considering that Bitcoin will not be released in 20 years, it is truly impressive. Overall, the price of a Bitcoin in 2010 was 5 cents.

It reflects to some extent the uncertainty of the cryptocurrency market, where prosperity, downturn, madness, and pain are common occurrences.