According to the report published By Grayscale Investments on Monday, more than a quarter of US investors surveyed (26%) said they already own Bitcoin (BTC). Of this group of owners, 46% and 44% also had Ethereum (ETH) and Dogecoin (DOGE) in their accounts, respectively. Another three-quarters of the participants (77%) said they were probably gain exposure to Bitcoin through an exchange-traded fund.
The survey had 1,000 respondents between the ages of 25 and 64. All had at least $ 10,000 in household assets to invest (excluding real estate or workplace retirement plans) and at least $ 50,000 in family income. Most invest in cryptocurrencies through a trading app or directly through a cryptocurrency exchange. Very few invest in Bitcoin through traditional self-brokerage or industry professionals. In fact, the number of respondents who used a financial advisor for cryptocurrency exposure fell from 30% in 2020 to just 11% this year.
In terms of investment planning, three times as many investors would consider owning BTC as an investment rather than a currency. Furthermore, more than 50% of the participants said that they perceive Bitcoin as a long-term game that can fit into their overall portfolio strategy. Seventy-seven percent said they had purchased BTC in the past 12 months. Ninety-one percent of those surveyed are currently in the green regarding their investment.
There were almost universal increases in Bitcoin adoption across all age groups, genders, and education levels. The reporter cited being able to invest very low amounts, accessibility at any time and a great growth potential of the sector as key reasons for its popularity.
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