Investors increasingly convinced about Bitcoin

Not only decentralization, scarcity and freedom convince people of Bitcoin. Especially the financial aspect drives an investment in BTC.

Bitcoin is among the most successful asset classes of the past decade. Although Bitcoin has fallen about 14 percent since its March high, many investors' wallets still remain in the plus thanks to the growing price since the beginning of this year. According to Glassnode data, more than 80 percent of investors are at a profit with their BTC investment at the time of writing.

By comparison, this was still 70 percent in early September, when BTC suddenly dropped below $53,000. In November 2022, it was below 50 percent, after Bitcoin's price fell to $16,000 due to the FTX crisis. Since then, convinced investors have continued to buy additional shares.

So it is no surprise that more and more people are putting their money into Bitcoin. After all, BTC is among the most successful investment classes since its discovery. Compared to gold, silver or the Nasdaq100 technology index, Bitcoin stands out head and shoulders above the rest. Even within the crypto market, BTC's yield curve is showing. For nearly two years, BTC, as measured in Ethereum, has known only one direction: up. Market sentiment is also improving, as evidenced by data from the Fear & Greed Index.