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Vast Majority of Retail Investors in Bitcoin Lost Money, BIS Says

  • Bank for International Settlements studied retail crypto trend
  • Analysis shows 40% of retail crypto app users are men under 35

A study of how retail investors use cryptocurrency exchange apps suggests about three-quarters have lost money on Bitcoin, according to the Bank for International Settlements.

Data spanning 95 countries from 2015 to 2022 indicates the vast majority of app downloads occurred when Bitcoin’s price was above $20,000, the working paper from the Basel, Switzerland-based BIS says.