A brand new survey commissioned by crypto asset supervisor Grayscale Investments exhibits that deep-pocketed buyers are main the adoption of cryptocurrency within the US.
In a analysis performed in three waves between November 2023 and September 2024, analytics agency The Harris Ballot surveyed 5,368 people who deliberate to vote within the 2024 presidential election.
The outcomes reveal that 26% of Individuals with investable property of no less than $1 million personal cryptocurrency, which is larger than the nationwide common of 21%.
Among the many high-net-worth people (HNWIs), 38% consider that their funding portfolio will embody crypto sooner or later. The quantity contains 53% of HNWIs beneath the age of fifty and 22% over the age of fifty.
Says Grayscale,
“This curiosity amongst high-net-worth buyers of various ages is encouraging to see and consequently, we’re starting to enter a interval the place many count on crypto to develop into a part of their portfolio.”
A fifth of high-net-worth Individuals say that they might take into account proudly owning crypto as an asset or funding device sooner or later and 22% suppose that crypto is an effective long-term funding alternative.
Greater than a 3rd (36%) of those rich buyers additionally say that they’re paying extra consideration to Bitcoin (BTC) and different crypto property due to geopolitical tensions, inflation and a weakening of the US greenback.
Grayscale additionally says that the approval of spot Bitcoin exchange-traded funds (ETFs) within the US piqued the curiosity of 34% of high-net-worth buyers, which indicators that extra prosperous people are beginning to see a possible position for digital property of their portfolios.
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