A study commissioned by the regulated cryptocurrency platform Bakkt shows that nearly half of US consumers surveyed invested in cryptocurrency in the last six months of this year.
Bakkt was launched in 2018 by the Intercontinental Exchange, which operates over a dozen of the world’s most famous exchanges, including the New York Stock Exchange (NYSE).
According to the results published on Wednesday:
“Almost half (48%) of US consumers reported investing money in cryptocurrencies in the first half of the year.”
Of those surveyed who have not invested in cryptocurrencies, 32% are interested in buying them in the next 6 months.
The study also found that among those who have already bought cryptocurrencies, “58% see it as a long-term investment, while 43% admit that they plan to sell them when they make a satisfactory profit.”
In addition, 24% of those polled revealed that they plan to use cryptocurrencies for online purchases, and 12% said they plan to use them for personal purchases.
Moreover, the most attractive attributes of cryptocurrencies for those surveyed are long-term ROI, ease of access, and the lack of centralized control.
The study also reveals that almost 40% of respondents did not realize that they could buy part of a given cryptocurrency (e.g. 0.001 Bitcoin).
“Digital assets are driving a new and increasingly dynamic economy,” said Bakkt CEO Gavin Michael:
“Survey results show that Generation Z and the Millennials are adopting cryptocurrencies en masse.”
16-09-2021, Mr Advice TEAM