• This article discussed the increasing value of Bitcoin, which is now above the realized price of every year other than 2021.
• Investors who have bought Bitcoin in the past few years are sitting on some profits.
• The average withdrawal prices for cohorts established by date were also considered in this chart.
Bitcoin Price Above Realized Prices Except 2021
Bitcoin has been steadily climbing in value and is now above the realized price of every year other than 2021. This is encouraging news for investors who have been buying Bitcoin over the past few years and are now enjoying some profits.
Average Withdrawal Prices for Cohorts Established by Date
In order to estimate a market-wide cost basis, we can monitor the average price at which coins are withdrawn from all exchanges. In this chart, we consider the average withdrawal prices for cohorts established by date, starting on January 1st for each cohort: All-time ($11,173), 2017+ ($15,267), 2018+ ($18,698), 2019+ ($21,863), 2020+ ($26,413), 2021+ ($36,465), 2022+ ($26,225), 2023+ ($22,394).
Bitcoin is now above the realized price of every year other than 2021. Investors who have purchased Bitcoin in recent years are sitting on some profits at present which is certainly encouraging news for participants in the cryptocurrency space.
What Is Bitcoin?
Bitcoin is a decentralized currency that defies traditional banking systems or controllers and transacts electronically with no need for intermediaries via its peer-to-peer network.
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