More than 70% of Investors Made Money with Bitcoin

More than 70% of Investors Made Money with Bitcoin

The renewed institutional interest in cryptocurrency sent Bitcoin surging to a new 12-month high, with its price rising above $31,300 in July and putting it on track for its best annual performance since 2020. The latest price jump of the world`s largest crypto has also increased the number of investors who earned from putting their money into buying Bitcoin.

According to data presented by AltIndex.com, despite being a risky investment with high volatility, Bitcoin brought positive returns to more than 70% of its holders.

The Best Performer Among the Largest Cryptos

Historically, Bitcoin has offered the potential for high returns. Between 2017 and 2022, BTC recorded an average ROI of 1,645%, outperforming all the world’s major indices. BTC returns in this period were 1,987% higher when compared to the Dow Jones and 1,734% above the ROI of the S&P 500 index.

The world`s largest and most expensive digital coin has also recovered surprisingly well after last year’s crypto winter, with its price surging by 85% in the year`s first half, the third-largest increase among the top cryptos. This helped Bitcoin cement its position as one of the best performers in the crypto space.

According to IntoTheBlock data, more than 70% of investors holding Bitcoin in their wallets have seen a positive return on their investment, much more than any other crypto in the top 10 list. On the other hand, 24% of them lost more money than they made.

Ethereum has the second-largest share of investors with a positive return, with 66.5% of them earning on ETH investments. After a massive drop amid the crypto winter, the price of the world`s second-largest cryptocurrency significantly recovered this year, jumping by 65% in seven months and rising from $1,200 to above $2,000 in July. But compared to Bitcoin, ETH has a higher share of holders who saw negative returns, or close to 30%.

Lido Staked Ethereum, Bitcoin Cash, and Litecoin, round the list of top five best-performing cryptos, with 62.6%, 60%, and 50% shares of investors with positive returns, respectively.

Polygon, Cardano, and AVAX were on the other side of the list. Statistics show the three worst-performing cryptos on this list brought losses to 84%, 81%, and 63% of their holders, respectively.

Bitcoin`s Trading Volume Hit $4.2T in H1

Besides ranking as the best-performing crypto on the top 10 list, Bitcoin also hit an impressive trading volume of over $4.2trn in H1, but still less compared to a year-ago period.

The CoinMarketCap data show crypto space saw nearly $5.12trn worth of BTC trades between January and June last year, or $845bn more than in the first half of 2023.

Statistics also show March was the top month for BTC trading in H1 2023, with $1.19trn in monthly trading volume. Last year it was May, which saw nearly $1.09trn worth of Bitcoin trades.

The full story and statistics can be found here:  https://altindex.com/news/more-than-seventy-percent-of-investors-made-money-with-bitcoin

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