The latest Grayscale survey shows that more than 25% of the surveyed US investors already own Bitcoin with more than 50% of the new investors joining the party over the last year as we can see more today in our latest BTC news.
The Grayscale survey shows, the world’s biggest digital asset manager, 26% of the American investors own Bitcoin. 55% of the HODLers entered the market in the last 12 months. Despite Bitcoin’s price decline, the main cryptocurrency had a successful year and increased its USD Value by 70% compared to the first day of 2021. over the past few months, most prominent individuals like Barry Sternlicht, Orlando Bravo, Paul Tudor Jones, Francis Suarez, Cynthia Lummis, and Eric Adams showed more support.
A lot of institutions and large companies turned positive for cryptocurrency by investing in it. MicroStrategy is the best example as the company takes each opportunity to accumulate more BTC. These developments could be some of the reasons why 26% of US residents and now BTC holders according to the latest research. About 60% of the participants said they are interested in crypto investments which shows that the huge percentage could continue rising. The COVID-19 pandemic that followed could be another argument for investors to swap some of the fiats to BTC and as such, it is no wonder that 55% of the current holders in the States have joined the crypto party in the past 12 months. A similar percentage said they see the leading digital asset as a store of value or an investment tool rather than a currency. The CEO Michael Sonnenshein of Grayscale noted:
“The 2021 Bitcoin Investor Study results confirm that more investors see long-term value in adding Bitcoin and digital currencies to their investment portfolios.”
Crypto has been quite attractive to youngsters but the trends seem to be changing as the percentage of people from the ages of 55 and higher are getting interested in BTC increased to 46%. The printing of USD dollars is one of the most controversial policies that created many disorders like inflation and now its rate in the USA is standing at 6.2% but the number has not been this high since the 80s. According to many, Bitcoin could fit well in the role since it has a finite amount of 21 million which is a great hedge against inflation.
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