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BCH $201.27 (-3.2%)
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Grayscale Investments Survey Reveals 67 Million Americans Own Bitcoin

Grayscale Investments Bitcoin News
  • 26% of Americans already possess Bitcoin.
  • Over a half or 59% of investors already bought Bitcoin in the past 12 months.
  • 77% of U.S. investors are more likely to invest in Bitcoin ETF.

The world’s leading crypto assets management firm, Grayscale, reveals that 67 million Americans already own Bitcoin. In addition, Grayscale performed the survey which shows the continuous rise, awareness, and use of Bitcoin and the wider digital currency environment.

In the survey result, 26% of American adults already own Bitcoin. Besides, 55% began investing in space in the past 12 months. It proves that the interest in Bitcoin has surged within this time frame. According to Grayscale, more than 66% of those who acquired digital currency are still HODLing their bag to date.

Likewise, approximately 91% of the investors who have liquidated their Bitcoin holdings have done so at a good margin. The survey also noted the rise of Decentralized Finance (DeFi) and its attendant investment innovations and the growth of non-fungible tokens (NFTs) have not deterred the influence of BTC in the broader industry.

Grayscale revealed that Bitcoin still accounts for 46% of the total value of crypto markets, despite this apparent growth. The appearance of government-backed investment products linked to Bitcoin has also been a good catalyst for some investors. As per the survey result:

More than three-quarters (77%) of the U.S. investors said they would be more likely to invest in Bitcoin if an ETF existed.

Furthermore, investors welcomed its first Bitcoin Futures-linked ETF products through ProShares back in October. This has fired the optimism that with more obvious strides, the Securities and Exchange Commission (SEC) can be convinced to approve the first Bitcoin ETF, as many other market regulators have.

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A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.