DailySun
According to a survey by ChainPlay and Storible, more than two-thirds of Americans now possess cryptocurrency.
A recent survey conducted by ChainPlay and Storible indicates that almost 70% of Americans have invested in crypto, signifying a significant advancement for digital assets in the United States. The survey, which included 1,428 participants, demonstrates that cryptocurrency is increasingly becoming a preferred investment choice across various age groups.
Political events are also influencing these trends. The election of Donald Trump motivated nearly 40% of Americans to invest more in crypto. Notably, 84% of these individuals were purchasing cryptocurrency for the first time, highlighting how significant events can ignite fresh interest in digital currencies.
A considerable number of Americans are rebalancing their investment portfolios to include crypto assets. More than half (52%) reported selling stocks or gold to acquire Bitcoin (BTC), and 20% have allocated more than 30% of their total investments to cryptocurrency. This trend emphasizes that many are making bold bets on the future of digital assets.
“Looking ahead, our survey reflects a robust optimism in the crypto market. A significant majority (60%) of investors anticipate doubling their holdings by 2025, indicating strong confidence in the ongoing expansion of digital currencies.”
Chainplay
Younger generations are at the forefront of embracing cryptocurrency. Generation Z typically starts investing at an average age of 22, followed by Millennials at 29, while Baby Boomers usually begin investing around the age of 50.
Nonetheless, the surge in cryptocurrency adoption has not been without its challenges. Per the FBI, crypto-related scams are increasingly prevalent, with Americans losing over $5.6 billion in 2023 — marking a 45% rise from the previous year. The FBI reported receiving over 69,000 complaints concerning crypto fraud, with investment scams accounting for 71% of the overall losses, approximately $3.96 billion.
