According to Cointelegraph: Analysis shows that holding Bitcoin has been a profitable move for 99.92% of all trading days since it was launched over 14 years ago on January 3, 2009. In fact, only six specific days–those between March 9–13 and March 25–29–when Bitcoin was purchased, turned out to be unprofitable as per the data from crypto financial services firm Blockchain.com. This denotes that 0.16% or just six days out of a total of 3,732 tradable days were not profitable for Bitcoin investors.
Bitcoin recently saw its all-time high at $73,600 in mid-March, ensuring appreciation in Bitcoin investments across all price points. Although the token has since been trading comfortably around the $68,000–$70,000 range, the small level of market volatility-induced price fluctuations have left a handful of Bitcoin holders at a loss.
Breaking down Bitcoin wallet holders' distribution, it's estimated that 86.28% of all wallets hold up to $1,000, 13.03% hold between $1,000 to $10,000, and a mere 0.69% hold $100,000 in Bitcoin.
The reassurance of Bitcoin's consistent comebacks from bear markets and resultant price retention allows its mining community to expand, contribute to the hash rate, and thus increase the network's security. This fact holds an even greater significance as the fourth Bitcoin halving event approaches on April 20, 2024, with the expectation of a subsequent price surge.
