Despite the anti-record set by bitcoin, half of its holders have made money on cryptocurrency

A significant number of bitcoin investors are recording losses as the price of the flagship cryptocurrency continues to be below $ 20,000. However, a large share of cryptocurrency holders are still in the black. Thus, according to TipRanks, as of September 7, 47% of bitcoin holders still made money on their investments at the current price of the digital asset, while the majority (52%) suffered losses.

Experts believe that the number of investors making money on Cryptocurrencies can be considered significant. Given the prolonged decline in the price of bitcoin, it is those who make money on the digital asset who will be potential investors in cryptocurrencies in the future.

It is worth noting that the short-term investment status of bitcoin was tested this year, when the cryptocurrency was operating in a high inflationary environment. As of the 2nd quarter of 2022, bitcoin recorded the worst return in the last ten years, losing 56% of its value. After the latest price change, the number of cryptocurrency wallets losing money is likely to increase.

However, it will be interesting to see how the price of the flagship cryptocurrency changes, given that other assets, such as Ethereum (ETH), are showing growth. Yesterday, the Ethereum Classic hard fork gained 25.99% in value, with experts attributing the surge in investor activity to the upcoming update of The Merge.