Somewhere between 73 and 81 percent of retail Bitcoin buyers are likely to be into the negative on their investment, according to research published Monday by the Bank of International Settlements (BIS).
In other words: the Bitcoin they bought is now worth less. Bitcoin is down 73 percent in the past year, and up 155 percent in the past five years. Losses are only realized upon sale.
The Switzerland-based bank for other central banks wanted to understand why retail investors continue to participate in cryptocurrency exchanges to trade tokens like Bitcoin. It's a mystery, given that people don't generally use cryptocurrencies to make payments, to measure value, or to finance real-world investments.
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