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CoinLedger: Cryptocurrency investors will earn $887 on average in 2023
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Author: Felix Ng, Cointelegraph; Compiled by: Deng Tong, Golden Finance
Data from crypto tax software provider CoinLedger shows that in 2023, cryptocurrency investors will earn an average of nearly $900 by selling cryptocurrencies. The net gain was in “significant contrast” to 2022, which saw several cryptocurrency companies collapse and investors lose billions of dollars.
CoinLedger analyzed data from 500,000 users and found that cryptocurrency investors made an average of $887.60 in realized gains in 2023 as the industry began to recover, adding :
“This is a significant improvement compared to 2022, when the median loss for cryptocurrency investors was $7,102.”
CoinLedger CEO David Kemmerer said the results herald a possible recovery in the cryptocurrency market.
“Asset prices in the cryptocurrency ecosystem have plummeted following the collapse of FTX. This latest rebound highlights the resilience of the industry.”
2022 will be a year of uncertainty due to various crypto industry The collapse, which included the Terra ecosystem, cryptocurrency exchange FTX, and cryptocurrency lenders Celsius and Voyager, saw the total cryptocurrency market capitalization fall by more than $1.5 billion.
Ethereum (ETH) sales account for the majority of realized losses in 2022. Source: CoinLedger
However, the tide turned in 2023 as multiple U.S. banks collapsed and optimism began to emerge about the launch of a spot Bitcoin exchange-traded fund, which eventually Available in January 2024.
Cryptocurrency market capitalization increased significantly in the fourth quarter of 2023. Source: TradingView
CoinLedger said: “Data supports the assertion that Bitcoin holders are less likely to dispose of their tokens than investors in other cryptocurrencies.”
p>Kemmerer noted that 80% of its users are in the United States, but that data also includes users from Australia, Canada and other countries.
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