Grayscale Survey: 26% of US Investors Have Invested in Bitcoin

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More than a quarter of investors in the United States (26%) have said they already own Bitcoin, while more than half (55%) have acquired the asset over the past 12 months, according to a recent survey conducted by Grayscale Investments.

77% of respondents consider digital gold as an investment asset, not a currency.

Around a third of investors (37%) plan to hold the asset for less than a year to make “quick money.” However, more than half (55%) adhere to a longer-term storage strategy.

Just 20% of respondents see Bitcoin as a means of payment, another 14% – a currency for P2P money transfers.

In spite of the popularity of the hodl strategy, one in six investors have sold at least part of their digital assets, 91% of them did it with profits.

Over last year, the channels for buying Bitcoin have changed significantly for US investors. In 2020, more than three quarters (77%) preferred exchanges, and in 2021, more than half (59%) chose crypto trading apps like eToro or Coinbase. Another 30% bought their cryptocurrencies in digital wallets Venmo, CashApp and others.

The survey shows that Bitcoin is still the most popular crypto among US investors, with almost half of them also owning Ethereum and Dogecoin.

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