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Inside the 2014, economist Nouriel Roubini discussed bitcoin because the a Ponzi strategy. The word hodl was developed within the December 2013 to own holding bitcoin rather than attempting to sell it through the symptoms away from volatility. According to you to definitely 2022 analysis composed in the Journal from Choice Assets, bitcoin try reduced volatile than just oil, gold, All of us Treasuries, and 190 carries in the S&P five-hundred after and during the new 2020 stock-exchange freeze.