There is no way to know what percent of bitcoin wallets are profitable. It's not technically possible.
That does not say they are profitable. Nor does it correlate with a measure of profit. Read it very carefully. They are simply looking at the blockchain to see when coins entered a wallet and then taking the dollar value at that time.
no idea how they are measuring that but suspect an address does not equal a single user. many early crypto buyers might have 10,000 addresses many late buyers dont even show up , as they are batch bagheld at scam companies like coinbase I say 10% are in profit here. not 50 and your shitcoins ???? 5% are in profit . maybe. could be 2% crypto is a disaster for everyone except a lucky few and the con men
FreeGoldRush is right, there is simply no way to tell. Here is how it works: 1. I bought BTC at 60K. 2. A few days ago I transferred that BTC to a new address when price was at 18K. 3. Current price is 20.5K, so that analysis would show I am in slight profits, when I am actually down 66%. The other thing is, just because let's say half of the addresses are in 10-20% profits, that doesn't mean the other half isn't down by 50%. And that is just by addresses. By value, you still can't tell. A whale could be in one huge, gazillion profits while 100K users down by 30-50% in small accounts. No way to tell....Here is what we can tell: Most people lost money in crypto. Simply numbers thingy... The whole crypto system is a negative sum game, because of mining, transferring and trading costs.
From https://www.fool.com/the-ascent/research/study-americans-cryptocurrency/#:~:text=74% of Americans who own,in the last two years. 74% of Americans who own cryptocurrency bought for the first time within the last 2 years. Seventy-four percent of cryptocurrency investors, roughly 107 million Americans, bought for the first time in the last two years. Since BitCoin is down for the past 2 years, please explain to me how it is possible for 50% of the owners to be profitable.