Cryptocurrency investment firm Grayscale recently published the Bitcoin Investor Study in 2020. The report used data from a survey that digitally surveyed a large number of people in the United States between June and July. Grayscale found that most of the respondents would like to buy bitcoin (BTC).
Grayscale wrote in its October 2020 report, “By 2020, more than half (55%) of respondents have expressed an interest in Bitcoin investment products.” This is a significant increase compared to 36% of investors who said they were interested in 2019. ”
The numbers in the Grayscale report are taken from data compiled by 8 research firms Acre Perspective. The company asked 1,000 Americans about the benefits, or not, of investing in bitcoin. The size of the surveyed group ranged from 25 to 64 years old, with a minimum household income of $ 50,000 and a minimum of $ 10,000 in equity with investments.
Likewise, the Grayscales 2019 report used data from 1,100 Americans surveyed in March and April 2019 for the same monetary and age criteria.
“Among those who reported investing in bitcoin, 83% made an investment in the past year, indicating that digital currencies are becoming an increasingly attractive component of modern investment portfolios,” says Grayscale’s 2020 report.
The results of the report show that the popularity of bitcoin in the US has increased. “According to this year’s poll, the market for potential Bitcoin investors is 32 million – up from 21 million investors just a year ago,” the report explains.
This year, 62% of investors reported being “knowledgeable” about Bitcoin, up from 53% in 2019. In addition, nearly half of those surveyed predicted that digital currencies will be prevalent by the end of this decade.
The report also indicated that parties interested in BTC resemble major market players, although those interested in buying bitcoins were on average under seven years old.
In addition, the report points to a link between interest in bitcoin and the COVID-19 epidemic.