25 Million Americans Consider Investing In Crypto
The crypto market has been fluctuating a lot lately and crypto enthusiasts freaked out when BTC dropped below $10k in a moment when everyone was hoping for the most important crypto in the market to go straight to the moon.
At the moment, BTC is trading in the green, and the coin is priced at $10,449.77.
Optimistic BTC-related predictions
Crypto experts keep making positive predictions regarding the price of BTC, despite the high market volatility.
For instance, Tom Lee believes that the parabolic Bitcoin run is not over yet, despite the fact that the crypto market has been pretty bloody lately.
He believes that BTC is still consolidating following the big run in the first half of this year.
People’s interest in digital assets is on the rise
People’s interest in digital assets is on the rise and the latest reports are pretty optimistic.
It’s been said that a new study revealed that at the moment, there are 25 million Americans who are thinking about buying digital assets in the next 12 months.
The US-based Nobl Insurance released a study which analyzes the crypto trends and the US residents’ willingness to invest over the next year.
The report revealed that from the start of last year through May of 2019, the market was able to rise by 42%.
More than that, it’s been reported that 6.72 million new owners entered the market.
Here are some more highlights from the study, according to the latest reports offered by the Daily Hodl.
- Despite the loss of over $1 billion USD worth of crypto in 2018, just 10% keep their coins exclusively in offline cold storage.
- Men have been the first on the uptake of cryptos, but women are now catching up at 35% of all owners.
- 44% of crypto owners are over 35 years old.
- 37% of crypto holders own more than $5,000 worth of assets and a further 8% hold over $50,000 in crypto.
We recommend that you take a look at more details regarding the study.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.