- PlanB tweeted that the Bitcoin traders of 2021 and 2022 suffered a loss.
- The former institutional investor added that the traders before November 2022 gained profit.
- Further, he distinguished between the stable growth of the coin’s price and its fluctuation at the time of crypto winter.
Stock-to-Flow model creator, PlanB, tweeted that, out of the total supply of Bitcoins currently, which is 19 million, half is in loss and half is in profit. PlanB added that the Bitcoins supplied to the buyers of 2021-2022 are in a loss, whereas those supplied to the buyers before November 2020 are in profit.
Almost half of all 19M bitcoin is in loss (mostly 2021 and 2022 buyers). The other half is in profit (all buyers before Nov 2020). pic.twitter.com/bV26rrc06s
— PlanB (@100trillionUSD) September 28, 2022
The maximum number of Bitcoins that can be mined or supplied is 21 million. Satoshi Nakamoto, the creator of Bitcoin, designed it as digital gold, giving it the traits of physical gold, especially the limited availability of gold.
From a recent analysis, the supply of Bitcoin stood at almost 19 million:
Though the Bitcoin supply is at its height and nearing its limits, the results are languishing. Amid the crypto winter, which began in November 2021, almost all the cryptocurrencies are at loss. Similarly, Bitcoin is also at loss, owing to the fact that by the second half of 2022, Bitcoin had lost around 58 percent of its value.
While analyzing the performance of Bitcoin since its inception in 2009, the fall in its price in 2022 is its worst. There are several reasons to pull Bitcoin into losses in 2022 including the immediate announcement from the Celsius Network for freezing withdrawals and transfers for an indefinite period.
Looking back to the trade of Bitcoin from 2009, it is understood that Bitcoin had its highest price in 2021 with a value of $68.991 in November 2021. In 2021, crypto investors made $162.7 billion in profits. Estimating the amount, it made an increase of nearly 400% from 2020.
However, the analysis conveys a continuous hike in the price from 2014 to 2019. But since 2020, with the beginning of crypto winter, there is a continuous fluctuation in the price of Bitcoin.
Thus, as PlanB said, the stable growth of Bitcoin was profitable to the investors compared to the fluctuations.
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