A survey by Grayscale Investments signifies that the COVID-19 pandemic has elevated investor urge for food for Bitcoin (BTC).Supply: Grayscale Inve
A survey by Grayscale Investments signifies that the COVID-19 pandemic has elevated investor urge for food for Bitcoin (BTC).
The agency surveyed 1,000 U.S. shoppers between the ages of 25 and 64 that had been concerned in private investments of $10,000 or extra in family investable property. The survey was carried out in June-July 2020. 63% of the respondents who had invested in Bitcoin within the earlier 4 months mentioned that the pandemic had an influence on their choice. Furthermore, 39% discovered Bitcoin to be extra interesting due to the pandemic. Solely 13% mentioned that the occasions surrounding COVID-19 made the asset much less fascinating:
“Based on respondents, Bitcoin seems to share some attributes with protected haven investments. Bitcoin’s shortage, verifiable nature, lack of correlation to international markets, and the truth that it isn’t managed by authorities organizations are attributes that make Bitcoin much like conventional protected haven investments.”
This seems to assist Bitcoin’s standing as a safe-haven asset, as posited by many analysts. Based on the outcomes of the survey, curiosity in Bitcoin as an funding seems to extend in tandem with training stage. Thus, solely 17% of the respondents and not using a diploma had an curiosity within the asset, whereas 29% holders held a graduate diploma.