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55% of US investors are interested in bitcoin – Grayscale

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55% of US investors are interested in bitcoin - Grayscale

55% of US investors are interested in bitcoin – Grayscale
CONTENT

  • Grayscale survey results reflect positive investor sentiment towards Bitcoin.

  • More than half of the respondents are interested in investing in BTC.

  • A significant portion of new capital inflows have been recorded in the last 4 months.

International consortium of news organizations developing transparency standards.

It seems that against the backdrop of the continued steady growth of the bitcoin rate, the first cryptocurrency in the world is attracting more and more investors..

The bitcoin rate (BTC) continues to confidently clear its way north from the $ 13,000 mark. Today, October 27, it broke through to new highs of this year around $ 13,500, and the fundamental factors behind bitcoin are also strengthening.

This attractive bitcoin

55% of US investors are interested in bitcoin - Grayscale

Investment firm Grayscale Investments has released the results of a 2020 study examining investor sentiment towards Bitcoin. As it turned out, this year the interest of investors in MTC has grown significantly. 55% of respondents in the US indicated their desire to invest in cryptocurrency. For comparison, in 2019, only 36% of respondents were ready to invest in bitcoin.

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Our new study shows that 55% of U.S. investor survey respondents are interested in investing in #Bitcoin in 2020, which marks a significant increase from the 36% of investors who said they were interested in 2019. Read our study here. $ BTC https://t.co/9fyRIxJXfD pic.twitter.com/DXYzav8qYx

– Grayscale (@Grayscale) October 27, 2020

The study also revealed that over 80% of respondents who invested their money in bitcoin have done so within the last year. In addition, more than one third of those surveyed have invested in MTC in the last four months..

According to Grayscale experts, the volatility and risks associated with the crypto market remain the reasons that keep people from investing in digital assets..

However, recently the situation has begun to change for the better for bitcoin. Its volatility is decreasing, and the risk pendulum has also swung in the opposite direction. Recently, even the heavyweight of the traditional financial market like JPMorgan recognized the significant potential of bitcoin as an investment vehicle and its ability to compete with gold..

Follow the signs

Not only the Grayscale study speaks of a new surge of interest in bitcoin. Google Trends data also shows that Bitcoin searches have picked up in recent weeks, albeit well below this year’s peak highs in May..

Source: Google Trends

55% of US investors are interested in bitcoin - Grayscale

Perhaps these trends are largely due to the fact that bitcoin as an asset class began to mature naturally, having accumulated a fairly impressive track record. So, this opinion is shared by bitcoin optimist Mike Novogratz, a famous billionaire investor and head of Galaxy Digital. In a tweet he posted, he suggested that the level of risk associated with investing in bitcoin has decreased markedly. He was immediately supported by the economist and co-founder of Real Vision Group Raul Pal.

Source: Twitter

Meanwhile, the popular Twitter trader Luc Martin, commenting on Novogratz’s post, noted the overall positive dynamics:

“Investment always deals with ups and downs. The bottom line for bitcoin is now at unprecedented high levels. “.

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