Americans Dump Gold and Stocks for Bitcoin
1min read According to a recent survey, a significant shift in American investment preferences is underway, with 52% of respondents choosing to dispose of their traditional assets, such as gold and stocks, to finance their Bitcoin acquisitions. This trend indicates a growing confidence in the long-term value of cryptocurrencies, particularly Bitcoin, among American investors.
The survey, conducted by ChainPlay and Storible, involved 1,428 respondents and revealed that a substantial number of Americans are increasing their Bitcoin holdings. The study found that 52% of respondents sold their gold, stocks, or other traditional assets to purchase Bitcoin, demonstrating their faith in the firstborn cryptocurrency's long-term prospects.
The survey also highlighted the growing popularity of memecoins among American crypto investors, with around 51% of crypto traders allocating over 30% of their digital asset portfolios to memecoins. This trend suggests that American investors are increasingly open to high-risk, high-reward crypto investments.
The study further revealed that cryptocurrency ownership in the US is on the rise, with approximately 68% of US residents now owning cryptocurrencies. The researchers attributed this high crypto adoption to various factors, including the influence of political milestones and the encouragement of family members to invest in digital assets.
The survey also noted that the younger generation is leading the way in cryptocurrency investments, with Gen Z Americans starting to buy crypto at an average age of 22. However, the study emphasized that older generations, including Millennials and Baby Boomers, are also increasingly investing in cryptocurrencies, indicating a broad appeal across age groups.
The researchers concluded that, given the optimistic outlook for the market in 2025, crypto ownership in the US is set to continue growing, solidifying the role of cryptocurrencies as a mainstream asset for many Americans.
