46% of cryptocurrency holders sold their digital assets during a price drop

According to a survey by Civic Science, about 46% of cryptocurrency holders sold their digital assets during the price drop — all due to low incomes.

As it became known, the majority of cryptocurrency investors (54%) «calmly survived the bear market» and did not transfer their digital assets into fiat currency. However, due to low wages and the fear of losing all their investments, another part of users sold cryptocurrency. According to the survey, 26% of investors cashed out the majority of their crypto savings, while 20% cashed out a small part.

It is worth noting that most investors earning more than $ 150,000 per year remained holders and expect the value of their digital assets to increase in the future. Thus, it is obvious that investments in cryptocurrencies mainly attract high-net-worth individuals who often purchase digital assets at the bottom, putting them into long-term storage. Thus, at the end of June, the number of BTC addresses containing more than 10,000 bitcoins increased to 100. At the time of writing, BTC is trading for $ 23,160.