The introduction of a Bitcoin ETF played a key role in the rise of BTC adoption.
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According to a report published by Grayscale Investments on Monday, more than a quarter of the US investors surveyed (26%) said they already own Bitcoin (BTC). In addition to this group of owners, 46% and 44% also have Ethereum (ETH) and Dogecoin (DOGE) on their accounts. More than three quarters of respondents (77%) said they likely invested in Bitcoin through an exchange fund.
1,000 respondents between the ages of 25 and 64 took part in the survey. All had at least $ 10,000 in family investable wealth (excluding company pension plans or real estate) and at least $ 50,000 in household income. Most invest in crypto through a trading app or directly through a crypto exchange. Very few people invest in Bitcoin through a traditional self-broker or industry expert. In fact, the number of respondents using financial advisors for crypto exposure has dropped from 30% in 2020 to just 11% this year.
Additionally, more than 50% of participants said they see Bitcoin as a long-term game that could fit into their overall portfolio strategy. 77% said they had bought BTC in the past 12 months. 91% of respondents are currently commenting on their investment.
acceptance has increased in all age groups, genders and educational levels almost worldwide. The report cites the main reasons for its popularity that very small amounts of money can be invested, that it can be reached at any time, and that there is great potential for land development.
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