tl;dr
According to a survey by Grayscale, 26% of US investors with over $1 million in investible assets own crypto, and 38% plan to invest. Older participants are interested due to economic concerns, while younger ones cite the normalization of crypto. However, nearly half of these wealthy respondents do ...
26% of US investors with over $1 million in investible assets own crypto, and 38% are planning to invest, highlighting a growing divide in the community.
Grayscale's report reveals increasing interest in crypto among high-net-worth investors, with 26% owning crypto and 38% considering it for their future portfolios.
Survey reflects both positive and negative outlooks for the crypto industry, showing potential for significant investment but also a lack of belief in crypto's use cases beyond investment purposes.
Grayscale's survey, while not fully representative, suggests that wealthy investors may pour significant amounts of money into crypto, potentially during economic turmoil, but also underscores the need for future projects to balance concerns about crypto's use cases.
According to a survey by Grayscale, 26% of US investors with over $1 million in investible assets own crypto, and 38% plan to invest.
Older participants are interested due to economic concerns, while younger ones cite the normalization of crypto. However, nearly half of these wealthy respondents do not see any use cases for crypto outside of investment, revealing a divide in the community.
The survey also suggests that wealthy investors may pour significant amounts of money into crypto in the event of economic turmoil, but most have yet to see the use case of crypto beyond investment purposes.
According to a new survey from Grayscale, 26% of US investors with over $1 million in investible assets own crypto, and 38% are planning to invest.
Interest is growing due to economic concerns for older participants, while younger ones cite the normalization of crypto as an asset class. However, nearly half of these wealthy respondents do not believe that crypto has any use cases outside investment. This highlights a growing divide in the community, as some fear a loss of technological innovation.
Today, asset management firm Grayscale published a report claiming that high-net-worth investors are getting interested in crypto. Grayscale CEO Peter Mintzberg claimed on social media, "It’s exciting to witness the momentum shift in crypto as more investors begin to recognize the value of digital assets. Remarkably, 38% of high-net-worth investors believe their investment portfolio will include crypto in the future."
Grayscale conducted an extensive survey of wealthy Americans to assess their crypto attitudes and purchasing habits, revealing a growing affinity in several key metrics. It claims that 26% of investors with over $1 million in investable assets own crypto, more than the general population.
These investors are curious about crypto for different reasons bifurcated by age group. Nearly 78% of wealthy crypto-owning respondents over the age of 50 like it due to the economic climate, while their younger counterparts consider it a normal investment option, unrelated to these concerns.
"Over a third (36%) of these high-net-worth investors are paying closer attention to Bitcoin and other crypto assets due to geopolitical tensions, inflation, and a weakening US dollar," Grayscale study claims.
However, this survey also exposed a few holes in traditional crypto narratives. For instance, the backlash to President Trump’s recent Crypto Summit highlights a growing divide in the community. These investors strongly prefer crypto for the purpose of gaining more fiat currency.
Grayscale’s survey polled 5,368 adults, all of whom planned to vote in the last US Presidential election. In short, this survey reflects a positive and negative outlook for the industry, depending on perspective. On one hand, wealthy investors may pour huge amounts of money into crypto in the near future, especially in the event of economic turmoil. However, this inflow of capital may not do much to build novel technologies. Most investors have yet to see the use case of crypto beyond investment purposes. Ultimately, future projects will need to balance both concerns.