Crypto Winter Of 2022 Dealt A Death Blow To Bitcoin And Other Coins? Fed Report Indicates A Lasting Impact
Portfolio Pulse from Aniket Verma
A Federal Reserve survey highlights a disconnect between Bitcoin's market price and ownership, with ownership rates dropping despite price recovery. The survey raises concerns about the lasting impact of the 2022 crypto winter on investor sentiment.
September 10, 2024 | 7:26 am
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Bitcoin's ownership rates have declined despite a significant price recovery, indicating a potential shift in investor sentiment post-2022 crypto winter.
The Federal Reserve survey shows a decline in Bitcoin ownership from 24.6% in January 2022 to 14.7% by July 2024, despite a 66% price recovery. This suggests a disconnect between price and ownership, possibly due to lingering concerns from the 2022 crypto winter.
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