26% of the adult American population have Bitcoin: survey

26% of the adult American population have Bitcoin: survey

  • A survey by the digital asset manager Grayscale shows that 67 million Americans now have Bitcoin.
  • More than half of them are new owners who have acquired the digital asset in the past 12 months.

Grayscale, the world's largest crypto-asset management company with a managed assets of over $ 60 billion (AUM), has announced that 67 million Americans have Bitcoin (BTC). At the moment, this is 26 percent of the country's entire adult population, compared to 23 percent last year.

In addition, the survey shows that consciousness and thus the use of Bitcoin has increased alongside other digital currencies. A Learn from the Pew Research Center Recent -lasting similar results - 86 percent of the Americans had heard a little about crypto.

55 percent of Bitcoin owners have entered the digital space of the asset in the past 12 months, emphasizes Grayscale. This indicates that interest in the crypto asset has increased considerably during this period. Even more, over 66 percent of these new buyers have the asset since the acquisition of Hodl. And of those who have liquidated their assets sold at least 91 percent of them at a profit.

Bitcoin growth and dominance

The most likely reason for the increase in Bitcoin owners in the USA is inflation. The annual inflation rate for the United States is 6.2 percent for the 12 months to October 2021. According to the US Ministry of Labor, this has been the highest since November 1990. More and more investors are now looking for inflation protection at Bitcoin and other cryptocurrencies.

This year the industry of decentralized finances (defi) and the non-fungable tokens (NFTS) gained an immense attraction. Based on Defi Pulse data, the current Total Value Locked (TVL) in the Defi industry is $ 105.08 billion. This number climbed to a record high of $ 276.92 billion in mid-September. On the other hand, it is expected that NFTS will reach a record sales of $ 17.7 billion by the end of the year.

However, according to Grayscale, these developments did not stand in the way of the influence of Bitcoin in the industry. The crypto asset is still 46 percent (the largest proportion) of the entire assessment of the crypto markets.

crypto-ETFs pull more investments to

In addition, the approval of Bitcoin Exchange Traded Funds (ETFS) has encouraged some industry players to immerse themselves in the digital market. The fact that these offers are supported by the government has only inspired it.

"more than three quarters (77%) of the US investors stated that they would rather invest in Bitcoin if there was an ETF."

In October, investors introduced the very first proshares Bitcoin Futures-ETF, which took a volume of almost $ 1 billion in his debut. Shortly afterwards the ETF came from Valkyrie and last month the Vaneck Bitcoin Strategy ETF. This has aroused the optimism that the US stock exchange supervisory authority (SEC) will finally approve a spot-based Bitcoin ETF.

BTC is now again at the level of USD 50,000 after it has been traded underneath last weekend. At the time of printing, our data showed that the asset at $ 50,931.56 changed the owner after increasing 4.6 percent during the day.


Source: Crypto-news-flash.com

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