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The average investor’s position in Bitcoin on the Coinbase platform is $21,000, Mizuho’s survey showed.
Results of the survey also showed that almost 50% reported no intention to sell Bitcoin regardless of how low the price goes, according to Mizuho’s Dan Dolev. The other half would consider selling if BTC reaches $9,000 or so.
“The more Bitcoin nears those levels, the number of investors who are in the green declines. Indeed, with Bitcoin currently at ~$29K, the average investor is 25-30% above the break-even point,” Dolev said in a client note.
At the current levels, it is likely that around 30% of participants are underwater. This number will increase to over 50% if Bitcoin drops to $20,000.
