Understanding crypto bag holders and their mindset By Cointelegraph

For the first time in centuries, paper money, or fiat, found its true competition in the internet era. When (BTC) debuted in 2009, the fiat ecosystem was not only challenged with proving its worth in day-to-day transactions but also safekeeping the investment ecosystem it helped build.

Over the years, the crypto ecosystem attracted people from all walks of life, serving their unique financial needs while filling the gaps left wide open by the fiat ecosystem. While most of the world watched from the sidelines — trying to decipher the true potential of cryptocurrencies — the first batch of Bitcoin millionaires swayed investors’ attention toward the budding ecosystem.