Over Half of Bitcoin Investors got into CRYPTO
Bitcoin current investors moves to cryptocurrency according to Grayscale report.
The demand for Bitcoin and its interest goes insane this year despite the digital trade balance more than half of the current investors move to crypto firm Grayscale Investments LLC.
More than half of Bitcoin's current investors got in over the last 12 months, according to Grayscale https://t.co/XHsj3jQLBZ
— Bloomberg (@business) December 7, 2021
From the analysis of 1,000 people, a quarter of them said that they owned Bitcoin from that 55% said they started investing this year.
These results mark the extensive growth in cryptocurrencies this year, as many investors tend money towards the unstable asset amid the growing popularity of additional products, like (NFTs).
Bitcoin is about 70% after the recent sell-off of tokens in 2021, values five times over.
“It is becoming increasingly difficult for investors to ignore Bitcoin as its price continues to rise,” the survey said.
80% of people who polled in the U.S. said they are more inclined to put money towards asset class if the Bitcoin exchange trade fund remains the same.
Bitcoin investing company, Grayscale conducted a survey in Mid-August showing that $35 billion converted from Grayscale Bitcoin Trust (ticker GBTC) into a physically-backed ETF.
In 2020, more than three-quarters said they preferred buying Bitcoin via an exchange, whereas close to 60% now say they favour trading through a crypto app like eToro or Coinbase.
The digital-asset manager said investors treat Bitcoin as the largest cryptocurrency, as a store of value. Many are choosing to hold on to their investments.