New Phenomenon: US Citizens Sell Stocks & Gold for Bitcoin Investment

Crypto News - Posted on 25 January 2025 Reading time 5 minutes

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DIGIVESTASI - A recent survey conducted by ChainPlay and Storible reveals that nearly 70% of Americans now own cryptocurrency, marking a significant milestone for digital currencies in the U.S. The survey, which involved 1,428 respondents, highlights that cryptocurrency has become an investment choice across various age groups.

 

Political factors have also contributed to this trend. Donald Trump’s election victory was a catalyst for approximately 40% of Americans to increase their investments in crypto. Even more strikingly, 84% of these individuals were first-time investors, demonstrating how major events can spark interest in digital assets.

 

In reallocating their portfolios, over half of the respondents (52%) reported selling stocks or gold to purchase Bitcoin (BTC), while 20% allocated more than 30% of their total investments into crypto.

 

“This trend shows great public optimism about the future of cryptocurrencies. Our survey results indicate strong enthusiasm within this market,” said ChainPlay, as quoted by Coinmarketcap on Thursday (1/23/2025).

 

A majority of investors (60%) plan to double their holdings in 2025, reflecting confidence in the long-term growth of cryptocurrencies. Younger generations are leading this adoption, with Gen Z starting to invest at an average age of 22, Millennials at 29, and Baby Boomers beginning around age 50.

 

However, the growth of crypto in the U.S. also faces challenges, particularly in the form of rising fraud risks. FBI data revealed that losses from crypto-related scams in 2023 exceeded USD 5.6 billion, an increase of 45% from the previous year. Of the 69,000 complaints received by the FBI, 71% of the losses were attributed to investment scams, totaling approximately USD 3.96 billion.


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Source: liputan6.com

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