2025 is being assessed by investors as one of the harshest years for the Vietnamese cryptocurrency market, as expectations of strong growth quickly gave way to widespread losses. Although Bitcoin reached a new all-time high, surpassing $126,000 for the first time, the subsequent sharp correction of nearly 30% caught most individual investors off guard. According to the Vietnam Crypto Market Report 2025 , a collaboration between Kyros Ventures, Coin68, and BingX , 54.6% of Vietnamese investors recorded losses last year, clearly reflecting the increasing volatility and inherent limitations in the market approach of retail investors.
Notably, while young investors continue to dominate in numbers, they are also the group suffering the most significant losses. Statistics show that 88% of crypto investors in Vietnam are currently under 35 years old, a sharp increase compared to the previous year. The majority of these have been involved in the market for 2 to 3 years, enough to experience at least one major bull and bull cycle. However, their practical experience is insufficient to help them avoid emotionally driven decisions, especially during the market boom in early 2025. Buying when prices have already risen sharply, chasing FOMO (fear of missing out), or following advice from the community led many investment portfolios to quickly fall into significant losses when the market reversed.
Another common mistake is uncontrolled Capital allocation. Many young investors dedicate more than 50% of their total assets to crypto, even using leverage or borrowing to invest, significantly amplifying the risk. Conversely, investors who allocate less than 25% of their portfolio to digital assets record significantly better performance. This shows that in the context of the extreme volatility of the cryptocurrency market, Capital management and investment discipline are just as important as choosing the right coin.
Income disparities also create significant differences in investment results. Investors with Medium incomes of 25 to 80 million VND achieved a return rate of approximately 55%, while those earning over 80 million VND per month recorded profits at a rate of 73%. These investors generally experience less short-term financial pressure, are able to hold assets for longer periods, and are not forced to sell off when the market enters a deep correction phase.
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Alongside price movements, investor sentiment in 2025 is also shifting in a distinctly negative direction. While 2024 was dominated by optimism, this year, a defensive mindset has become the prevailing sentiment. The percentage of investors believing that Bitcoin will continue to rise sharply has dropped from over 74% to only about 50%. Skepticism has also spread to the altcoin market, with the number of people who do not believe in the possibility of a new "altcoin season" in 2026 increasing many times compared to the previous year.
The sharp drop in Bitcoin's price from its peak of $126,000 to around $80,600 has wiped out the profits of most individual investors. Even those who managed to retain profits no longer have the same unwavering faith in Bitcoin as in previous years. While it remains the highest-performing asset overall, the percentage of investors making money from Bitcoin has nearly halved compared to 2024.
A notable paradox of the Vietnamese crypto market in 2025 is that while the risk level regarding the proportion of digital assets in portfolios is increasing, investment behavior is becoming more cautious. The percentage of investors holding a majority of their assets in stablecoins has decreased sharply, while the number of those holding no stablecoins has increased significantly. Nevertheless, long-term investment strategies are more favored than ever, especially among investors who have experienced multiple recessions and understand the cyclical nature of the market.
