Top Crypto Investors of 2022 Optimistic Despite Market Downturn: 115M Indians Investing

• RootData announced the names of the top crypto investors of 2022: Balaji Srinivasan, Sandeep Nailwal, Sebastian Borget, Santiago Roel Santos, and Jayanti Kanani.
• Research showed that there were 115 million crypto investors from India in 2022.
• The crypto market faced a downturn in 2022 due to rising interest rates and a wave of industry bankruptcy filings.

RootData recently announced the names of the individuals who made the most investments in the cryptocurrency industry in 2022. Former Coinbase CTO Balaji Srinivasan topped the list with 44 investments. Polygon co-founder Sandeep Nailwal followed in second place, with 37 investments. Sandbox COO Sebastian Borget came in third with 18 investments, 14 of which were made in 2022. Santiago Roel Santos and Jayanti Kanani were also amongst the top investors, each making 14 investments.

The crypto markets faced a significant downturn in 2022, with the market capitalization dropping to $798 billion from $2.9 trillion the previous year. This was due to the rising interest rates, causing a wave of industry bankruptcy filings and leading to a decrease in the value of the most well-known cryptocurrencies.

Research done by Kucoin in 2022 revealed that there was an increasing number of Indians investing in cryptocurrency. An estimated 115 million crypto investors from India were recorded, representing 15% of people aged between 18 and 60 in India.

The crypto market is showing signs of recovery in 2023. Despite the downturn in 2022, the top investors have remained optimistic and have continued to invest in the sector. It is expected that the market will continue to grow in the coming years, with more investors joining the sector and more blockchain applications being developed.

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