A survey by Grayscale Investments shows that the COVID-19 pandemic has increased investor appetite for Bitcoin (BTC).

The company surveyed 1,000 American consumers ages 25 to 64 who participated in personal investments of $ 10,000 or more in home investments. The survey was conducted in June and July 2020. 63% of respondents who invested in Bitcoin in the past four months said that the epidemic affected their decision. Moreover, 39% found Bitcoin to be more attractive due to the pandemic. Only 13% said that COVID-19 incidents made the assets less desirable:

“According to participants, Bitcoin appears to have some similarities with investments in safe havens. Bitcoin’s lack, verifiable nature, lack of association with global markets and the fact that it is not under the control of government agencies are the features that make Bitcoin appear to be a traditional safe haven investment.” .
This appears to confirm Bitcoin’s haven status, as many analysts claim. According to the survey results, interest in Bitcoin as an investment is increasing along with the level of education. Thus, only 17% of non-degree holders showed an interest in the original, while 29% of owners had an academic degree.

Source: CoinTelegraph

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