If you are planning to make an investment in Bitcoin, then be extra cautious. According to a study published on Monday, around three fourth of Bitcoin investors have already lost their money.
This study has been made by the economists at the Bank of International Settlements. This is a financial institution of repute. This institution is considered the central bank of central banks. So, the report of this institution cannot be taken lightly.
Data related to investors in cryptocurrencies in 95 countries between 2015 and 2022 were analysed during this study. And the conclusion was that around three-quarters of Bitcoin investors have lost their money.
The study also found that around 40 percent of the cryptocurrency investors were men under 35, who usually prefer to take risks. Most cryptocurrency investors considered it a speculative investment.