Crypto investors in 2023 appear to be in "stark contrast" to the collapse of several crypto companies in 2022 that wiped out billions of dollars from investors, according to CoinLedger data. By analyzing reports from its 500,000 users, CoinLedger found that the average crypto investor made a realized gain of $887.60 as the sector rebounded in 2023, a marked improvement over the average crypto investor who realized a loss of $7,102 in 2022.
CoinLedger CEO David Kemmerer said the results point to a possible recovery in the cryptocurrency market. In 2022, the total crypto market capitalization fell by over $1.5 billion due to various crypto industry collapses including the Terra ecosystem, FTX crypto exchange and crypto lenders Celsius and Voyager. However, the tide has turned in 2023 with optimism about the collapse of US banks and the launch of Bitcoin spot exchange-traded funds.
âData shows that Bitcoin holders are less likely than investors in other cryptocurrencies,â CoinLedger said. Kemmerer noted that 80% of its users are in the United States, but the data also includes users from Australia, Canada and other countries.
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