23 October
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.
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