A new survey by Kraken has revealed a surprising trend. American investors now see cryptocurrencies as having more growth potential than traditional assets. Bitcoin seems more attractive as a long term investment that real estate, and that is truly astonishing.
The crypto exchange polled 2,191 US residents aged 18 and over. The results are eye-opening.
A whopping 36% of respondents believe crypto has bigger growth potential than stocks, bonds, or real estate. That's a game-changer, and not only for crypto - the traditional finance will also be shattered to a great extent.
Only 34% still have faith in stocks. Bonds and real estate lag behind at 13% and 17% respectively. It's a seismic shift in investor sentiment.
But here's the kicker: 73% of US crypto users plan to keep investing in 2025. That's a lot of people betting on digital coins.
The survey dug deeper. It found that 45% are "very likely" to continue investing. Another 29% are "somewhat likely" to do so. That's a solid majority.
High earners are leading the charge. Those with household incomes between $175,000 and $200,000 are the most bullish. A staggering 82% of them plan to invest in crypto in the near future, and that might mean a new inflow of cash in crypto industry besides the ETFs everybody is talking about.
But it's not just the rich. Even in the $0 to $24,999 income bracket, 59% are keen on crypto. Talk about democratizing finance!
Now, don't get it twisted. Not all crypto is created equal. A hefty 70% prefer established coins like Bitcoin. Only 12% are into memecoins like Dogecoin.
The researchers reckon this shows a "maturing cryptocurrency investor". It's not about chasing the next big thing anymore. Folks are getting serious.
"This finding could suggest a focus on stability," the researchers wrote. They added that many now see crypto as a "viable option alongside traditional assets". Looks like digital coins are here to stay.