Most Vietnamese crypto investors lose money in 2023

By Dat Nguyen   January 14, 2024 | 05:53 pm PT
Most Vietnamese crypto investors lose money in 2023
An illustration of Bitcoin. Photo by Pexels
Some 64% of cryptocurrency investors lost money last year, a survey by data platform Coin98 Insights has found.

The survey collected date from 1,200 respondents last December. As cryptocurrencies went through a "Bitcoin winter" last year, nearly 30% of respondents said the reason for the loss was the fear of missing out.

Almost 36% did not have a detailed investment plan, and were unable to react to sudden market developments.

In terms of demographics, 85.3% of investors are male and aged between 18 and 36. They are mostly based in Hanoi and Ho Chi Minh City, the country’s two biggest cities.

They have an income of VND10-25 million a month, and nearly half entered the cryptocurrency market in 2020-2022 when it soared.

This year investors are showing interest in AI projects and most expect Bitcoin to reach a new peak after ETF Bitcoin was approved in the U.S.

go to top