The gains mark a “stark contrast” to the crypto winter of 2022, which saw investors nursing over $7,000 of realized losses on average.
Crypto investors made nearly $900 in net gains on average from selling crypto in 2023 in a “stark contrast” from 2022, which saw billions wiped from investors amid the collapse of several crypto firms, according to data from crypto tax software provider CoinLedger.
CoinLedger analyzed reporting from 500,000 of its users and found the average crypto investor took home $887.60 in realized gains in 2023 as the industry began to recover. It added:
Realized gains and losses occur when an investor disposes or sells crypto for a different price than they initially acquired it for. For tax purposes in the United States, a disposal event typically involves the transfer of cryptocurrency to a wallet not owned by the investor, such as when it’s sold on an exchange.
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Source: https://cointelegraph.com/news/crypto-investors-realized-gains-2023-coinledger