Definition ∞ Digital asset conviction represents an investor’s strong belief in the long-term value and potential of a specific digital asset or the broader cryptocurrency market. This conviction often influences holding strategies, leading investors to retain assets despite short-term price volatility or negative market sentiment. It reflects a fundamental assessment of an asset’s utility, technology, or market position.
Context ∞ News reports frequently analyze shifts in digital asset conviction, particularly during market downturns or periods of significant regulatory uncertainty. High conviction among long-term holders can indicate underlying strength and resilience in an asset’s community and support its price floor. Conversely, a decline in conviction might signal a broader loss of confidence, influencing market trends and investor behavior.
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