El Salvador’s dive into Bitcoin adoption was a groundbreaking move. As the first nation to recognize Bitcoin as a legal tender, it amassed a substantial amount of the cryptocurrency. The provided chart for Nayib Bukele’s portfolio shows a total valuation of $105.48 million, with an all-time performance decrease of 15.14%. The graph exhibits a few purchase points, the majority of which were made when the Bitcoin price was significantly higher than the present value, resulting in the said dip in portfolio value.
Source: Michael Saylor, CEO of MicroStrategy, is another significant name in the Bitcoin investing scene. His firm’s portfolio tracker showcases a whopping $5.46 billion worth of Bitcoin. The all-time performance for this portfolio indicates a profit of 15%. The chart reveals several buying instances, some at the peaks and others during the troughs of Bitcoin’s value. Like El Salvador, many of Saylor’s acquisition points were at a time when Bitcoin was trading higher than its current rate, contributing to the observed decrease.
The general metric that illustrates the profit/loss percentage for Bitcoin holders is revealing. At the present price point, 81% of holders are in profit, 8% are breaking even, and 11% are at a loss. This statistic is a positive indication for the majority of Bitcoin investors. It signifies that despite the notable losses experienced by significant entities like El Salvador and MicroStrategy, a vast proportion of holders are still in a favorable position.
The general positive profit trend among Bitcoin holders is a hopeful sign. The world of Bitcoin is far from predictable, but for now, the majority of its investors have reasons to stay optimistic as the momentum of the digital gold remains high and profit taking is not yet too bad.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
