The new report You can also find out more about us on our website. CoinCorner Most UK Bitcoin Investors are in it for the long haul. The 2024 UK Customer Report shows that 51% of its customers never sell their Bitcoin. This is based off a sample size of 2,000. In fact, 51% of customers have never sold their Bitcoin. the HODL strategy.
“The 2024 Bitcoin analysis revealed that our sample tended to buy in small, frequent amounts and sell in larger, more significant transactions, strategically reacting to Bitcoin’s price movement,” This report will explain.
On average, users bought £412 worth of Bitcoin per transaction, with some starting as low as £5. Meanwhile, the average sell was £5,513 (10x higher) indicating that customers are accumulating on a regular basis and only selling during strong price surges. The behavior was closely aligned with Bitcoin’s market highs in 2024.
A stunning 86% of transactions are purchases, confirming the trend towards accumulation. It gets even more interesting: 88% customers purchased more than one time, and 51% of them have bought Bitcoins over the past three years.
Also, the demographics of this report challenge stereotypical views. Instead of the usual young, risk-driven image of crypto traders, 56% of CoinCorner users fall within the 35–54 age range. This report highlights. “This suggests CoinCorner… attracts a more mature and financially established user base.”
London topped both the regional rankings for users and transactions, most likely because of its higher savings average. Of the 86% sample of male users, those who work in IT hold the majority of Bitcoin. However, retirees have the highest volume of transactions.
By 2024, users who only purchased and sold Bitcoin via CoinCorner would have made a profit of 97%. This shows how strategic and long-term buying patterns pay off. Even among smaller investors (56% of whom held under £1,000) conviction remains strong. The chart below shows the performance over the last 7 years.
CoinCorner shows that Bitcoin investors in the UK are increasingly treating Bitcoin like currency. digital gold This is not a quick-fix scheme. “These insights reinforce Bitcoin’s evolving role in the financial landscape,” The report ends. “balancing steady accumulation with active, strategic engagement.”
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Source: bitcoinmagazine.com
