More than half of the USA’s Bitcoin holders began their investment during the last 12 months, according to the latest Grayscale report.
A survey conducted in mid-August showed that, among 1,000 people quizzed, the percentage of people holding Bitcoin in the US rose to 26%.
The report, dubbed ‘Grayscale 2021 Bitcoin Investor Study’, was made in partnership with financial market research firm ‘8 Acre Perspective’, and it demonstrates continued growth in interest, awareness, and adoption of Bitcoin and the digital currency ecosystem at large.
More than half (59%) omostly invested through crypto trading apps like eToro or Coinbase, representing a paradigm shift from last year when more than three-quarters of investors (77%) preferred a Bitcoin exchange.
Investors are eager to buy – a sentiment reflected by the recent all-time high in November 2021, placing Bitcoin closer to $100,000 than it is to zero.
Of the investors who have sold, 91% have sold at least some Bitcoin at a profit.
Need for Bitcoin ETF
The demographics of Bitcoin investors also shifted in 2021.
An ETF that offers direct exposure to the price of Bitcoin is commonly seen by many as the linchpin in a strategy to bridge traditional financial institutions with digital currencies and is widely understood as a potential catalyst for widespread adoption.
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