Independent on Saturday

Why there are fewer bitcoin billionaires than you think

DO YOU “hodl” bitcoin in your portfolio? Yes, “hodl”. No, it’s not a typo. It’s an acronym that has become an accepted verb in the crypto investor’s lexicon. It stands for “hold on (for) dear life”.

Hodling bitcoin is like being on a roller-coaster ride without a safety harness. The cryptocurrency has surged by 57% in US dollars since the beginning of the year. But its rise to what are now record levels (it was trading at about $67 000 – R1.3 million –

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