Grayscale survey shows that 25% of US investors surveyed own Bitcoin
Grayscale’s survey shows that 26% of US investors own Bitcoin, the world’s largest digital wealth manager.
55% of HODLers came onto the market in the last 12 months. Despite the fall in the price of Bitcoin, the main cryptocurrency had a successful year, increasing its USD value by 70% since the first day of 2021. In the last few months the most famous personalities like Barry Sternlicht, Orlando Bravo, Paul Tudor Jones, Francis Suarez, Cynthia Lummis, and Eric Adams showed more support.
Many large institutions and companies have positioned themselves positively by investing in cryptocurrency. MicroStrategy is the best example as the company seizes every opportunity to amass more BTC. These developments could be some of the reasons why 26% of US citizens and now, according to latest research, are BTC owners. Around 60% of participants said they were interested in investing in crypto, suggesting a huge percentage that could continue to grow. The subsequent COVID-19 pandemic could have been another argument for investors to trade some odd money for BTC, and so it’s no surprise that 55% of current US owners have joined the crypto party in the past 12 months. A similar percentage said they view their primary digital asset as a store of value or an investment vehicle rather than a currency. Managing Director Michael Sunshine from grayscale notes:
“The results of the Bitcoin Investor Study 2021 confirm that more and more investors see sustainable value in adding Bitcoin and digital currencies to their portfolios.”
Cryptocurrencies are already very attractive to young people, but the trend seems to be changing as the percentage of people aged 55 and over who are interested in BTC rises to 46%. US dollar printing is one of the most controversial policies that has caused as much disruption as inflation, and now its rate is 6.2% in the US, but that number hasn’t been that high since the 1980s could do justice to this role as it has a finite number of 21 million, which is an excellent hedge against inflation.