Ivan Radic
More than half of current Bitcoin investors in the US have entered the market in the past 12 months, according to a survey conducted by cryptocurrency firm Grayscale Investments. 55% of those surveyed said they started investing in Bitcoin this year, while 26% said they had done so earlier.
The proportion of Americans who own Bitcoin rose from 23% in 2020 (when the cryptocurrency was worth less than $30,000) to 26% in 2021, when its price jumped 70% and was "closer to a record $100,000 than zero" in November.
The survey showed that investors are increasingly looking at Bitcoin as a means of savings, with many choosing to hold onto their investments. 77% see Bitcoin as an investment. Among them, 37% see Bitcoin as a short-term investment with which to make "quick money" within a year. 55% see Bitcoin as a long-term investment. 20% of respondents said they need Bitcoin as a currency to pay for goods and services.
The way cryptocurrency is purchased has changed over the year. In 2020, three-quarters of investors said they were looking to buy Bitcoin through an exchange, but now 60% say they prefer to use a cryptocurrency app, such as eToro or Coinbase.
source: forbes.com
The proportion of Americans who own Bitcoin rose from 23% in 2020 (when the cryptocurrency was worth less than $30,000) to 26% in 2021, when its price jumped 70% and was "closer to a record $100,000 than zero" in November.
The survey showed that investors are increasingly looking at Bitcoin as a means of savings, with many choosing to hold onto their investments. 77% see Bitcoin as an investment. Among them, 37% see Bitcoin as a short-term investment with which to make "quick money" within a year. 55% see Bitcoin as a long-term investment. 20% of respondents said they need Bitcoin as a currency to pay for goods and services.
The way cryptocurrency is purchased has changed over the year. In 2020, three-quarters of investors said they were looking to buy Bitcoin through an exchange, but now 60% say they prefer to use a cryptocurrency app, such as eToro or Coinbase.
source: forbes.com
