Bitcoin took a tumble below $60,000 recently, but don’t worry, most people who own Bitcoin are still making money!
Most Bitcoin Holders Are Still in the Green
According to some data, a whopping 83% of Bitcoin holders are still in profit, even after the recent price drop. That means only about 17% are currently losing money.
Of those who are losing, most bought their Bitcoin when it was higher than it is now. A small percentage of holders are just breaking even, meaning they bought their Bitcoin at about the current price.
So, the majority of Bitcoin investors are still sitting pretty with their profits.
Long-Term Holders Might Be Feeling the Pinch
While most Bitcoin holders are in the green, long-term holders might be starting to feel a bit uneasy. Their average returns are at risk of going into the red for the first time in over a year.
But don’t panic! This might actually be a good thing for the price of Bitcoin. Historically, when long-term holders start to lose money, it’s often a good time to buy Bitcoin. This is because it means that everyone else is feeling the pain, and the price is likely to bounce back.
So, if you’re thinking about buying Bitcoin, now might be a good time to jump in.
