An article in the UK’s Express suggests that only a tiny minority of bitcoin buyers make a profit: just one in twenty investors.

No one should ever take the Express as a reliable source of information, or indeed a source of anything except toilet paper, but according to the research it quotes by IW Capital, just 5% of those who invested in bitcoin have made financial gains.

Apparently, around 3 million Brits have bought crypto, most without having much of a clue what it actually is. The report said:

‘The data reveals that, fundamentally, Brits do not have enough information or knowledge on the topic of cryptocurrency. In fact, many have no knowledge about the subject whatsoever.’

The report comments that only 5% of investors consulted a financial advisor.

We have to ask: only 5% made a profit?! What have the rest of you been doing?!

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