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Study: 26% of the U.S. working-age population owns bitcoin

Study: 26% of the U.S. working-age population owns bitcoin

A study by Grayscale Investments revealed that 67 million Americans between the ages of 25 and 64 hold bitcoin (BTC). This number represents 26% of the total U.S. working-age population, and in the last year, it has increased by 23%.

The study also revealed an increase in awareness about virtual assets in the U.S.: 86% of Americans have at least heard or read something about cryptocurrencies, and 24% are very well informed.

The survey showed that 55% of investors had bought bitcoin in the past 12 months, indicating a growing interest in the asset in 2021. 66% of bitcoin owners surveyed follow a buy-and-hold (HODL) strategy, and 91% of those who have been partially selling bitcoin have made profitable trades.

Also, in addition to bitcoin, U.S. citizens demand Ethereum (46% of respondents have it), Dogecoin (44%), Litecoin (26%), Cardano (15%), and Tether (9%).

The main reason behind the growth of virtual asset investment in the U.S. is inflation, which reached an annual rate of 6.2% for the first 12 months of the year. According to official statistics, this is the highest rate in the U.S. since 1990. Today, more and more investors worldwide include cryptocurrencies in their investment portfolios for inflation hedging and risk diversification.

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