The cryptocurrency investment company, Grayscale recently released its Bitcoin Investor Study 2020. The report used data from a digital survey of a sizable number of Americans between June and July. Grayscale found that the majority of respondents were interested in buying Bitcoin (BTC).
“In 2020, more than half (55%) of respondents showed interest in Bitcoin investment products,” Grayscale wrote in her October 2020 report. “This means a significant increase of 36% among investors interested in 2019.”
The numbers in the grayscale report come from data collected by the research company 8 hectares perspective. The Company asked 1,000 people in the US about their interest in investing in Bitcoin or the lack of Bitcoin. The interviewed group ranged from 25 to 64 years old, with a family income of at least $ 50,000 and an equity of at least $ 10,000 in their investment exposure.
Likewise the report Grayscale 2019 used data from 1,100 Americans surveyed between March and April 2019 under the same age and money parameters.
“Of those who reported investing in Bitcoin, 83% invested in the past year, indicating that digital currencies are an increasingly attractive part of modern investment portfolios.” detailed the grayscale report 2020.
The report’s results show that bitcoin’s popularity increased in the United States. “Based on this year’s survey, the market for potential Bitcoin investors is 32 million, compared to 21 million investors a year ago.”explains the report.
“This year, 62% of investors said they were ‘familiar’ with Bitcoin, compared with 53% in 2019. In addition, nearly half of those surveyed predicted that digital currencies will be mainstream by the end of the current decade. “.
The report also found that Bitcoin’s stakeholders were similar to mainstream market participants. Although those who want to buy Bitcoin are around seven years younger, on average.
Furthermore, The report highlighted a link between interest in Bitcoin and the COVID-19 pandemic.