A new survey commissioned by crypto asset manager Grayscale Investments shows that deep-pocketed investors are leading the adoption of cryptocurrency in the US.

In a research conducted in three waves between November 2023 and September 2024, analytics firm The Harris Poll surveyed 5,368 individuals who planned to vote in the 2024 presidential election.

The results reveal that 26% of Americans with investable assets of at least $1 million own cryptocurrency, which is higher than the national average of 21%.

Among the high-net-worth individuals (HNWIs), 38% believe that their investment portfolio will include crypto in the future. The number includes 53% of HNWIs under the age of 50 and 22% over the age of 50. 

Says Grayscale,

“This interest among high-net-worth investors of different ages is encouraging to see and as a result, we’re beginning to enter a period where many expect crypto to become part of their portfolio.”

A fifth of high-net-worth Americans say that they would consider owning crypto as an asset or investment tool in the future and 22% think that crypto is a good long-term investment opportunity.

More than a third (36%) of these wealthy investors also say that they are paying more attention to Bitcoin (BTC) and other crypto assets because of geopolitical tensions, inflation and a weakening of the US dollar.

Grayscale also says that the approval of spot Bitcoin exchange-traded funds (ETFs) in the US piqued the interest of 34% of high-net-worth investors, which signals that more affluent individuals are starting to see a potential role for digital assets in their portfolios.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Generated Image: Midjourney

Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision