Bank for International Settlements (BIS) Publishes Cryptocurrency Report: Announces the Rate of Losers in Bitcoin!

According to new data from the Bank for International Settlements (BIS), cryptocurrency Their crash caused a spike in individual crypto trading.

“Big Investors Sell, Small Investors Buy in Cryptocurrencies in 2022”

According to the data, large investors sold their holdings to small investors who wanted to diversify their portfolios.

“These patterns highlight the need for better investor protection in the crypto space,” the report from the BIS, an institution that financial regulators use as a source to inform their own opinion, concludes.

The Switzerland-based bank reiterated its previous calls for global coordination in the regulation of digital assets and warned against increased exposure to the global financial system.

The report also included the following statements about cryptocurrencies:

“Options include banning certain crypto activities, controlling crypto, regulating the industry, or a combination of these. Containment can prevent risks in crypto from spreading to the real economy and traditional financial system.

An appropriate mix of measures will be needed to promote market integrity, investor protection and financial stability.”

For a period of approximately seven years starting in 2015 in bitcoin an analysis of individual investor returns, It revealed that despite the huge jump in price from 2015 to 2021, the median individual investor had lost about half of their investment by December 2022.

Data based on crypto exchange app activity and downloads from August 2015 to mid-December 2022 in 95 countries, as well as on-chain data.

According to the study, the price of BTC led to spikes in the number of users across platforms: during the period when Bitcoin peaked at $69,000 between August 2015 and November 2021, the global average number of daily active users rose from 100,000 to over 30 million.

*Not investment advice.