• Grayscale: More than a quarter of US investors polled own Bitcoin

  • Approximately one-fourth of all surveyed American investors own bitcoin, with more than half of new investors jumping on board in the last year.

    According to Grayscale Investments, the world’s largest digital asset manager, 26 percent of American investors already own bitcoin. In the last year, 55 percent of HODLers have entered the crypto market.

    Every fourth American owns Bitcoin.

    Despite bitcoin’s current price decline, the primary cryptocurrency has had a very successful year, increasing its USD value by 70% since January 1, 2021. Many prominent individuals, including Paul Tudor Jones, Barry Sternlicht, Orlando Bravo, Senator Cynthia Lummis, Francis Suarez (Mayor of Miami), Eric Adams (Mayor of New York), and others, have shown their support in recent months.

    Many institutions and large corporations have also turned their attention to cryptocurrency by investing in it. MicroStrategy is the best example, as the company seizes every opportunity to acquire more bitcoin.

    According to Grayscale’s most recent research, these developments could be some of the reasons why 26 percent of US residents are currently BTC HODLers. Furthermore, nearly 60% of all participants said they are interested in crypto investments, implying that the percentage of owners may continue to rise.

    The COVID-19 pandemic and the subsequent financial difficulties may be another reason for investors to exchange some of their fiat currencies for bitcoin. As a result, it is no surprise that 55 percent of current BTC hodlers in the United States have jumped on board in the last 12 months. A similar proportion stated that they see the leading digital asset as a store of value investment tool rather than a currency.

    “The results of the Grayscale Investments 2021 Bitcoin Investor Study confirm that more investors see long-term value in adding Bitcoin and digital currencies to their investment portfolios,” said Michael Sonnenshein, CEO of Grayscale Investments.

    Cryptocurrencies have traditionally been more appealing to young people and men. However, trends appear to be shifting, with the percentage of people aged 55 to 64 interested in bitcoin increasing from 30% in 2020 to 46% in 2021. Female investors’ enthusiasm is also increasing, rising from 47 percent last year to 53 percent today.

    Will American Bitcoin investors continue to multiply?

    The mass printing of US dollars, along with other controversial policies implemented by the US government, resulted in numerous monetary disorders, such as increased inflation. Its current rate in the United States is 6.2 percent, which has not been this high since the 1980s. As a result, the purchasing power of the dollar declines, and people seek alternatives.

    According to many experts, bitcoin could be a good fit for that role because it has a limited supply of 21 million coins that will ever exist, making it a hedge against inflation.

    Another issue on the minds of the American crypto community is whether US authorities will outright ban bitcoin and other alternative coins (the way China did it earlier this year). However, the Federal Reserve and the Securities and Exchange Commission recently stated that they had no such plans, which fueled even more excitement among investors in the United States.

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