Amid rising market volatility, a new debate urges Bitcoin investors to “stop donating your stack.” Critics argue that so‑called “paper hands” fuel sell‑offs, reshaping narratives on risk, conviction, and long‑term holding.
The cryptocurrency market experienced a massive dip today, with BAD (Basic Attention Data) plunging 14%. Despite Shibarium, the space’s recalcitrant mogul, holding 1 billion tokens with, as they call it, “diamond hands”, the token was unable to prevent this selloff.
Tesla’s radical strategy of holding onto its Bitcoin investments despite a 40% crash paid off in Q2 with no change to its crypto balance sheet. The gamble, made famous by the term “diamond hands,” is a testament to the EV maker’s crypto ambitions.