RATE Group | Over 75% of Bitcoin in Circulation Are in Profit
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Over 75% of Bitcoin in Circulation Are in Profit

01 Feb Over 75% of Bitcoin in Circulation Are in Profit

Posted at 08:03h in Bitcoin News by

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Latest figures show that over three quarters of all existing bitcoin (76.05%) are in profit, meaning that the value is currently higher than last time it was moved. While this ratio fluctuates, historically it has remained above 50% for almost the entire history of Bitcoin.

HODLing Bitcoin Pays Off

As may be expected, there is a strong correlation between the ratio of bitcoin currently in profit and BTC price. During periods when bitcoin price has been pushing upwards to all-time and local highs then of course, profitability numbers will increase.

Similarly, in the periods when price crashes following price highs, the percentage of bitcoin in profit will go down. Although, notably, rarely to lower than 50%, and never to less than 40%.

Bitcoin price could hit millions says analyst

Boom and bust cycles saw profitability numbers dip below half of all bitcoin in 2011, 2015 and 2019, towards the very bottom following the crash. However, the lowest ever recorded value was still 40.5%, following the crash from over $1,100 down to…

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