Cryptocurrency experts told how much each digital asset owner earned in 2023

According to CoinLedger analysts, last year investors earned an average of $ 900 on the sale of digital assets, which is in stark contrast to the figures for 2022. The corporation’s specialists analyzed more than 500 thousand financial reports from clients. They concluded that in 2022, users lost an average of more than $ 7000, while this year, customers have confidently reached the level of profit.

CoinLedger CEO David Kemmerer suggested that this state of affairs may indicate a systematic revival of the bullish dynamics of the crypto market after a long downtime. It is worth noting that last year, one of the largest trading platforms at the time, FTX, went bankrupt. Together with sharp monetary actions by the US Federal Reserve, this served as a catalyst for the development of a steady bearish trend.

In 2022, the digital asset industry lost $ 1.5 billion in capitalization. There were also a number of high-profile bankruptcies, including the Terraform Labs, Voyager, and Celsius ecosystems. As for 2023, it turned out to be quite successful for the entire crypto segment. Bitcoin BTC $90,438.09 Bitcoin -0.80% Market capitalization $1.79 trillion VOL. 24 hours $2.13 billion gained more than 100%, which had a positive impact on the entire digital asset industry.

Most industry experts agree that the crypto asset niche will continue to build on its success in 2024. In January, spot bitcoin ETFs were approved, which, according to analysts, will have a positive impact on the industry in the medium term. Currently, the net inflow of funds into industry funds does not exceed $ 60 million.

However, this was greatly influenced by a significant outflow of money from the Grayscale Bitcoin Trust, which was reclassified as a full-fledged ETF. As for bitcoin itself, the asset is held at a level slightly below $ 43,000 and continues to show a tendency to further growth.