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Saturday, February 4, 2023

Digital Assets Is Now $433m

In 2022, investors rushed to profit from Bitcoin’s price performance as digital assets inflows reached 433 million, according to a report by PwC and Elwood Asset Management. This figure was approximately five times higher than 89 million recorded in 2021. The report also found that many people entered the crypto market for the first time in 2022.

Digital assets are gaining momentum, as the total amount of inflows reached $433 million in 2022. This is a 38 percent increase from the previous year, according to a report by Cryptoasset Market Monitoring (CAMM).

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The CAMM report shows that crypto assets have seen an influx of $2.2 billion since the beginning of 2019, and this trend will continue through 2022 with more than $10 billion projected to be invested into digital assets. CAMMs expects more than 80 percent of all market participants to invest in digital assets over the next five years.

Digital Assets Going Up

While investors are clearly interested in investing their money into crypto assets, they’re doing so at different rates depending on where they live. While Europe saw major growth last year with a 73 percent increase in investment activity compared with 2018 ($1 billion), North America saw only 20 percent growth ($5 billion) during the same period due to regulatory uncertainty surrounding cryptos like bitcoin (BTC).

Digital assets, according to the report, refers to all crypto assets including cryptocurrencies and blockchain-based tokens. The report was based on data from Elwood Asset Management, who tracked digital asset inflows into funds over the course of 2023.

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The report also revealed that investors rushed to profit from Bitcoin’s price performance during the first half of 2022. In particular, $10 billion worth of digital assets were invested in April 2022 alone as Bitcoin rose above $13,000 for the first time since its 2018 bear market low point at $3200.

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