Release: 2024/07/25 22:04 Reading: 876
Cryptocurrency Seen as Growth Engine by US Investors
A recent survey by Kraken exchange polled 2,191 Americans over 18 to gauge their sentiments on crypto investing. The objective was to determine the prevalence of ongoing crypto investments and preferred cryptocurrencies.
Overwhelming Majority Plan to Invest in Crypto in 2025
A substantial 73% of US crypto enthusiasts plan to maintain their investments through 2025. Approximately 45% expressed strong commitment to continuing their crypto ventures, while 29% indicated a "somewhat likely" stance.
Higher household incomes correlated with higher interest in crypto investments. Individuals with incomes between $175,000 and $200,000 displayed a remarkable 82% likelihood of engaging in crypto investments in 2025.
Crypto Perceived as Outperforming Traditional Investments
36% of respondents believe that cryptocurrency offers greater growth potential compared to conventional investments such as stocks, bonds, and real estate. In contrast, 34% recognize the potential of stocks, followed by 13% for bonds and 17% for real estate.
Established Cryptocurrencies Favored
While crypto is seen as having higher potential, the type of investment matters. 70% of respondents prefer established cryptocurrencies like Bitcoin (BTC) over memecoins like Dogecoin (DOGE), which garnered only 12% support. Emerging coins like Solana (SOL) attracted 17% interest.
The survey highlights a shift towards stability, with investors valuing coins with a long history and larger market capitalization. These coins are often regarded as more secure, indicating a maturing cryptocurrency investment landscape.
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