Surprising Poll Results Reveal Crypto Investors’ Struggles Despite Bitcoin’s Gains

Changpeng Zhao, former CEO of Binance, has recently shared the results of several polls conducted on the social media platform X, shedding light on cryptocurrency investors' experiences.

The findings painted an intriguing picture, revealing that while Bitcoin remains the most prominent cryptocurrency, its profitability is not as widespread as expected. Despite Bitcoin’s record-breaking peaks, only a slight majority of his followers—50.4%—reported making profits from their BTC holdings. In contrast, nearly 27% of those polled revealed they do not own any Bitcoin, and over 23% admitted to incurring losses on their investments.

The results from another poll about meme coins were even more eye-opening. Despite the massive gains meme coins have seen, almost 45% of respondents confessed to losing money in these tokens. Only about a third of the participants said they profited from meme coin investments, and nearly 22% hadn’t dabbled in them at all.

Perhaps the least surprising result came from the NFT poll, where almost half of respondents indicated they had never purchased an NFT. This response likely reflects the sector’s downturn after the 2021 speculative hype.

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Similarly, when asked about Binance’s native token, BNB, 40% of participants revealed they had never invested in it, a finding that surprised Zhao. He acknowledged the potential bias in his polls, as his followers are naturally more inclined toward crypto and BNB, but still found the results interesting.

In sum, Zhao’s polls offer a snapshot of the current crypto landscape, highlighting the varied experiences of investors in an increasingly complex market.

Alexander Stefanov