A new poll from crypto asset manager Grayscale shows that 40% of US investors expect to add digital assets to their investment portfolios in the future.
In a study titled “Election 2024: The Role of Crypto,” grayscale found it that the collapse of crypto exchange FTX had hampered the growth of the digital asset industry, but the trend is now shifting.
“While the post-FTX landscape has not seen any growth in the percentage of Americans owning crypto, these demographic trends and other findings provide optimism, with 40% of investors agreeing that their future portfolio will include crypto.”
The poll also shows that Americans view inflation as the most worrying problem. However, only those familiar with digital assets say inflation makes them more interested in purchasing Bitcoin (BTC), which is often seen as a hedge against currency depreciation.
“In the past, inflation and other economic concerns have driven interest in investing in assets like Bitcoin. This could be because Bitcoin’s limited supply allows it to function as a store of value, similar to a digital version of gold. Interestingly, the more familiar respondents were with crypto, the more likely they were to be interested in Bitcoin due to inflation or other macro events.
This suggests two things: first, that those familiar with Bitcoin see it as a macro asset and second, that additional education may be needed to help a broader audience better understand new technologies, such as Bitcoin, so that greater mainstream adoption can take place. ”
Furthermore, the research highlights that younger generations appear to be more receptive to crypto assets – especially if clear regulatory guidelines are created.
“More Gen Z and Millennials own crypto (31%; 35%) than stocks (17%; 24%), and a majority of Gen Z and Millennial voters agree that ‘Crypto and blockchain technology are the future of financial world’ (54%; 58%) and a substantial majority (68% for those aged 18-34) agreed that they would be ‘much’ or ‘somewhat’ more likely to invest in crypto if there were there would be clearer policies and/or regulations.”
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