News - So many Bitcoin investors see gains in their portfolios

By Mike Hesp

So many Bitcoin investors see gains in their portfolios

Bitcoin (BTC)
Price update

With the Bitcoin price rising, many investors' portfolios are also shining green again. But the recent price correction is taking its toll.

Since the beginning of the year, Bitcoin rose from about $40,000 to between $60,000 and $70,000, after temporarily peaking at $73,740 and reaching a new all-time high several times. In mid-March, however, the bull run ended abruptly: since then Bitcoin fluctuates between $60,000 and $70,000.

Although many investors made significant gains thanks to the price explosion in March, some portfolios have lost value again due to the price correction in recent weeks. According to data from The Block, a total of 93 percent of investors are in the plus with their investment. You can find additional information in today's Bitcoin report. In comparison, in November 2022, this percentage was still at 47 percent due to the collapsed BTC price. As a result of the FTX implosion, Bitcoin had fallen to $15,000 per "coin." Those who bought at that time can now enjoy a return of more than 300 percent.

Recently, more than 90 per cent of Bitcoin investors made a profit on their portfolios in 2022.

Source: The Block

The recent halving event should allow the rate to rise further, but it also has major implications for many other aspects of the BTC ecosystem, including mining, transaction fees and the Runes protocol.

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