According to a report released by Grayscale Investments, 26% of U.S. investors surveyed said they already own Bitcoin (BTC). Of this group of owners, 46% and 44% also jointly held Ethereum (ETH) and Dogecoin (DOGE) in their accounts, respectively. Another 77% said they are likely to access Bitcoin through an exchange-traded fund.
The new Grayscale Investments poll included 1,000 respondents aged 25 to 64. All had at least $10,000 in investment family assets (excluding workplace or real estate retirement plans) and at least $50,000 in family income. Most of them invest in cryptocurrencies through a trading application or directly through a cryptocurrency exchange. Very few invest in Bitcoin through traditional brokers or industry professionals, according to Cointelegraph.
In terms of investment planning, three times as many investors would consider owning BTC as an investment rather than a currency. Over 50% of participants said they perceive Bitcoin as a long-term game that can fit into the overall strategy of their portfolio. 77% said they bought BTC in the past 12 months.
Over the past year, Bitcoin adoption has increased across all age groups, genders, and educational levels. The study cites the ability to invest very small amounts, availability at any time, and the large growth potential of the sector as the main reasons for its popularity.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.