Ooft! Crypto Investors Lost BIG in 2023…

TL;DR

• In response to CoinLedger, the common crypto investor made lower than $1k in realized features final yr – although, our guess is it’s as a result of people had been shopping for/holding.

Full Story

That headline ☝️?

That was our response after we learn this piece of reports:

In response to CoinLedger (the crypto tax software program platform), the common crypto investor made lower than $1k in realized features final yr.

Which made no sense, as a result of the crypto market solely climbed all through 2023.

…however then we considered it from a private perspective — and one thing clicked.

We didn’t make ANY realized features from crypto final yr!

It’s a must to promote your crypto to ‘understand’ a acquire — and we spent the entire yr shopping for.

So if you happen to see this story being thrown round anyplace outdoors of this text (e.g. your uncle Barry makes use of it as fodder within the household group chat “See, I informed you these items was nugatory!”) simply keep in mind:

2023 was a yr of accumulation, and Barry (whereas lovable) is an fool.

(As you’ve all the time recognized/celebrated him to be ❤️).