14 March
BIS study shows that most Bitcoin investors lose money
The results of a study, which was conducted by the Bank for International Settlements (BIS) on a sample of 95 countries from 2015 to 2022, demonstrated that more than three-quarters of retail investors would lose money buying Bitcoin.
The study was based on an analysis of a cryptocurrency exchange app’s usage, which showed that a majority of new downloads occurred when the Bitcoin price exceeded $20,000.
Thus, if every new user, who installed the app, supposedly purchased Bitcoin for $100 and continued to replenish the account with the same amount of money each month, then by now 81% of these users would lose money.
The results obtained raise the question about the consequences, which the economy and investors themselves face with the wide spread of cryptocurrency.
Recommended
14 March
13 March
Bitcoin dominates with over 62% of market share amid declining interest in altcoins
13 March
14 March
14 March
Top news
14 March
14 March
14 March
14 March