Wealthy Americans Spearheading Crypto Adoption in US, According to Digital Asset Giant Grayscale
A brand new survey commissioned by crypto asset supervisor Grayscale Investments reveals that deep-pocketed buyers are main the adoption of cryptocurrency within the US.
In a research carried out 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 belongings of no less than $1 million personal cryptocurrency, which is greater 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 below 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 in consequence, we’re starting to enter a interval the place many count on crypto to change into a part of their portfolio.”
A fifth of high-net-worth Individuals say that they’d take into account proudly owning crypto as an asset or funding instrument sooner or later and 22% suppose that crypto is an efficient 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 belongings 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 belongings of their portfolios.
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