Recent Bitcoin buyers show unyielding optimism, pushing cost basis upward despite price surges
James Van Straten · 2 years ago
Recent Bitcoin buyers show unyielding optimism, pushing cost basis upward despite price surges
The 2024 cohort's average cost basis has yielded a 20% profit margin this year, indicating an appetite for buying BTC at higher prices.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.