At a recent hearing CFTC Chairman J. Christopher Giancarlo famously attributed the bitcoin term “hodl” to be an an acronym for “hold on for dear life.” Giancarlo went on to talk about his 30 year-old niece, who he says is a longtime bitcoin investor. “She’s a hodl,” he said. “She’s not a fraudster, she’s just a kid, and believes in it. Regulators must step in to snuff out the bad actors in the crypto world,” Giancarlo said, “if nothing else, so that people like my niece can have some security.”

The term “hodling” was created on December 18, 2013 at the peak of the previous bull market on a Reddit article…