Grayscale: 26% of Americans Own Bitcoin

Grayscale: 26% of Americans Own Bitcoin
  • 26% of Americans own bitcoin, according to Grayscale Research’s 2021 Bitcoin Investor Study.
  • At least 55% of current investors in the US started buying bitcoin in the last 12 months.
  • At the time of writing, Bitcoin price is at $50,110.50.

Grayscale Research, the intelligence arm of the investment company, published its 2021 Bitcoin Investor Study. The research focused on the Bitcoin market in the US, in which 1,000 participants were involved in some form of personal investing. 

According to the study, at least 26% of people in the US now own bitcoin. This is an increase from 23% of last year’s research participants. Of these investors, at least 55% said that they purchased their bitcoin in the last 12 months.

Most investors believe Bitcoin has value and will sooner reach $100,000 than zero. In fact, about 66% of those who bought bitcoin more than 12 months ago still hold their asset.

Meanwhile, up to 91% of survey participants who sold their bitcoin claim they have made a profit. Moreover, over 77% of these investors said that they would be more encouraged to invest in Bitcoin if there are available exchange-traded funds (ETFs).

In another news, Bitcoin is struggling to regain the $50,000 support level.

BTC/USD 1-day chart (source: TradingView)

At the time of writing, Bitcoin price is at $50,110.50, according to CoinGecko. For Bitcoin to regain its footing, bulls need to flip the $50,000 resistance into support once again.

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