TL; DR
Full story
Chainalysis just released some new data that took us on a rollercoaster of emotional sentiment shifts.
And it went something like this…
Glass half full:
In 2023, crypto investors realized $38 billion in profits (nice!).
Glass half empty:
This wouldn’t have contributed much to the $127 billion in recorded losses in 2022 (ooft!).
Glass half full:
Chances are people could have made more profits in 2023 (and recovered their 2022 losses), but patiently held on for the expected 2024/2025 bull run.
Glass full to the brim and overflowing:
The crypto market is set to grow by $1 trillion by 2024, and we’re not even halfway through March yet.
So when those gains are realized (i.e. those cryptocurrencies are converted into stablecoins), investors should be flush again.
We – and this cannot be emphasized enough – like to see it.