Study: "Coronavirus Pandemic Fueled Increased Interest in BTC"

According to the new study by Grayscale Investments, Interest of investors in crypto actes in 2020 year grew compared to last year against the backdrop of coronavirus pandemia.

Grayscale Investments digital assets management has published the results of the study, according to which American investors this year are more interested in investments in BTC, than last year, Partly due to pandemia of coronavirus.

The survey took part 1 000 American investors aged 25 to 65 years old, whose family income exceeds $50 000. According to the results of the study, The portrait of the average investor bitcoin looks as follows: This is a young man with higher education, working for hire. The report notes:

“Investors interested in Bitcoin are more likely to look at new investment opportunities, choose an "aggressive" level of risk, and open brokerage accounts in several companies at once ".

Last year, Grayscale conducted a similar study. This year “familiar” with the BTC turned out to be 62% respondents compared to 53% in 2019 year. Besides, in 2020 year 55% respondents showed interest in BTC compared to 36% last year. From respondents, which invested in bitcoin, 63% stated, that the pandemic of coronavirus influenced their decision to invest, but 39% noted, that the pandemic has made BTC more attractive.

“Interest in bitcoin, it seems, Grows, Since market participants are looking for investments, which can serve as a safe harbor ", - noted by Grayscale analysts.

The survey showed, that investors aged 35 to 44 years old, which "have already passed three recessions and saw, as traditional protective instruments, eg, the property, Promotions and bonds, lose their attractiveness as hedging against market downs ", consider, that Bitcoin can become a safe to investment harbor. but, According to the study, The younger generation can bring the greatest benefit of the cryptocurrency economy.

“The fact, that most of the current and potential BTC investors have not even reached their peak of earnings, what, combined with the redistribution of income size $68 trillion, which should occur during the following 25 years old, opens up great opportunities for those, who believes in the potential of long -term growth BTC ", - says the report.

Last week, the total dollar cost of crypto acts running Grayscale's trusts for the first time reached $6.5 billion. Of them $5.4 billion concentrated on Grayscale Bitcoin Trust (GBTC). After that, the company invested in cryptocurrencies yet $300 million.