A brand new report from CoinCorner reveals that almost all UK Bitcoin buyers are taking part in the lengthy sport. In response to its 2024 UK Buyer Report based mostly on a pattern of two,000 customers, 51% of consumers have by no means bought their Bitcoin. As an alternative, they’re constantly shopping for in small quantities, embracing the HODL technique.
“The 2024 Bitcoin evaluation revealed that our pattern tended to purchase in small, frequent quantities and promote in bigger, extra important transactions, strategically reacting to Bitcoin’s worth motion,” the report explains.
On common, customers purchased £412 price of Bitcoin per transaction, with some beginning as little as £5. In the meantime, the common promote was £5,513 (10x increased) indicating that prospects are accumulating regularly and solely promoting throughout robust worth surges. This conduct aligned carefully with Bitcoin’s market highs in 2024.
A staggering 86% of all transactions have been buys, reinforcing the buildup development. Much more telling: 88% of consumers purchased greater than as soon as, and 51% have been shopping for Bitcoin for over three years.
Demographics within the report additionally problem stereotypes. As an alternative of the same old younger, risk-driven picture of crypto merchants, 56% of CoinCorner customers fall inside the 35–54 age vary. The report notes, “This implies CoinCorner… attracts a extra mature and financially established consumer base.”
Regionally, London led each in consumer rely and complete transaction quantity, probably as a result of increased common financial savings within the capital. Male customers made up 86% of the pattern, and people working in IT held the biggest portion of Bitcoin, whereas retirees recorded the very best general transactional quantity.
On the finish of 2024, 97% of customers who had solely purchased and bought Bitcoin by means of CoinCorner have been in revenue. This consequence underscores how long-term engagement and strategic shopping for patterns are paying off. Even amongst smaller buyers (56% of whom held beneath £1,000) conviction stays robust. Within the chart under, you’ll be able to see the outcomes during the last seven years.
As Bitcoin adoption grows within the UK, CoinCorner’s information reveals that buyers are treating it extra like digital gold than a get-rich-quick scheme. “These insights reinforce Bitcoin’s evolving position within the monetary panorama,” the report concludes, “balancing regular accumulation with lively, strategic engagement.”