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How Long Do Investors Plan to Hold Onto Bitcoin?

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5 years ago

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How Long Do Investor Plan to Hold Onto Bitcoin?

How Long Do Investors Plan to Hold Onto Bitcoin?

Did investors buy bitcoin because it was trendy, or are they committed to cryptocurrency for the long haul?

As in any new and rapidly-growing market, this kind of investor intent and the overall feeling of market sentiment matters a lot. That’s because there are no historical averages or ratios to apply as baselines for value, and if things head south there is always the possibility of a mass exodus.

Buy, Hodl, and Prosper?

Today’s infographic comes to us from Raconteur, and it helps map out the future price expectations of crypto investors, along with how long they plan to hold onto their digital assets.

But before we get to that, let’s look at why investors bought into the market in the first place:

Reasons for buying Bitcoin:Share
I believe Bitcoin is a world-changing technology41%
A long-term store of value like gold or silver22%
A friend, family member, or trusted source convinced me15%
The price is low and will go higher14%
For transactions or purchases and less of an investment8%

When did people get into the market?

More than 60% of investors got involved in cryptocurrency in 2017, and 56% of investors that hold crypto plan to buy more in the next 12 months.

Future Expectations

What do people expect crypto prices to do in the future, and how long are investors willing to hold?

According to a survey of 1,800 crypto investors around the world at the end of March 2018, a whopping 77.9% see the crypto market gaining more than 30% in value over the next three years.

Meanwhile, another poll from November 2017 asked investors how long they will hold onto their assets:

How long will investors hold onto Bitcoin?Share
>10 years12%
7-10 years10%
4-6 years22%
1-3 years40%
<1 year16%

Only 16% of respondents planned to sell within the next year, and 44% of respondents said they’d hold onto Bitcoin for four or more years.

Concerns About Exchanges

Exchanges are the lifeblood for buying or selling cryptocurrency – so what are the major concerns held by investors about them?

Concerns about crypto exchangesShare
Security40%
High trading fees37%
Lack of liquidity36%
Response time from support team33%
Lack of crypto pairs22%
User friendliness and poor platform interface21%
High withdrawal fees18%
None9%

Security continues to be a topical issue for traders, which is not surprising since it’s estimated that $1.2 billion of crypto has been stolen since 2017. Other issues like high trading fees and the lack of liquidity and lack of currency pairs also poll high.

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Charting Grand Theft Auto: GTA’s Budget and Revenues

Dive into the GTA budget through the years, with GTA VI set to be the most expensive video game of all time.

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1 day ago

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December 5, 2023

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A cropped chart comparing the GTA budget and revenue across three game titles.

Charting Grand Theft Auto: GTA’s Budget and Revenues

Over 10 years since the launch of Grand Theft Auto V (GTA V), the second most-sold video game in history, Rockstar Games has announced its sequel GTA VI will be “coming 2025.”

As the anticipation only grows for this next big entry in the franchise, we take a look at the GTA budget through the years. How much have the last two games cost to make, how much have they earned, and how do they compare with the latest entry?

Data for this visualization comes from Statista, TweakTown, and Twitch Metrics.

How Much Has GTA VI Cost to Make?

The GTA franchise has grown enormously in scale from humble beginnings as a top-down, 2D video game in 1997. Fifteen installments later, the upcoming release, GTA VI, is estimated to be the most expensive video game to be made yet.

Here’s a look at how much GTA VI and the last two major releases cost, and how much revenue they’ve earned as of August 2023.

YearTitleProduction Costs ($)Revenue ($)Copies Sold
2025 (est.)GTA VI$2B (rumored)N/AN/A
2013GTA V $265M$7.7B185M
2008GTA IV$100M$2B25M

In 2008, GTA IV cost around $100 million—already a budget that rivalled big Hollywood releases. However with 25 million copies sold, the game earned nearly $2 billion—a five-fold return on its production cost.

Five years later, GTA V (2013) cost more than $200 million to make—twice GTA IV’s budget. A decade after its release, GTA V has generated close to $8 billion, with hundreds of millions in annual revenue from subscriptions and in-game purchases—a model that its successor is sure to follow.

In fact, subscription fees and in-game purchases represented 78% of Take-Two Interactive’s (parent of GTA developer Rockstar Games) revenues in 2023.

Analysts estimate the to-be-released GTA VI’s costs at $2 billion, including marketing and other expenses. A massive open-world (set in the Miami-inspired “Vice City”), cutting edge graphics, and a reportedly brand-new game engine are all reasons for the game’s outsized budget.

For comparison, the current most expensive games to have been made include Red Dead Redemption 2 (also by Rockstar) and Star Citizen, both reportedly with a $500 million budget.

Meanwhile, Take-Two Interactive shares are up more than 50% for the year.

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