As many as 81% of retail BTC investors have lost money

A study has shown that most retail Bitcoin investors have lost money on their investment between 2015-2022.

At least three-quarters of all retail investors who chose Bitcoin (BTC) as their investment asset have lost money on their investment, according to the Bank for International Settlements (BIS).

The data does not cover a single year or a single group of investors, but spans the period between 2015 and 2022, and 95 countries.

BIS argues that the majority of retail investors got involved with BTC when the currency’s price soared well above the $20,000 mark. Based on the data, 81% of all investors who have bought at least $100 of BTC would have lost money.

BIS argues that the study raises questions about the greater adoption of cryptocurrencies in the economy and what it means for consumer welfare.

BIS established that 40% of app retail consumers who used apps to invest were men under 35 and less than 35% were female globally.

BIS has taken historic data in which it compared the all-time high for BTC as a currency which topped $69,000 in November 2021, but have since then lost 75% of its value.

The most recent market rout has been occasioned by the collapse of FTX, a cryptocurrency exchange led by Sam Bankman-Fried who turned a crypto villain overnight after it transpired that he had used consumer funds to run other ventures.

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Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.

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