According to a study conducted by Grayscale Investments – the world’s largest digital asset manager – 26% of the American investors already own bitcoin. 55% of the HODLers entered the crypto market in the last 12 months.
Every Fourth American Has BTC
Despite bitcoin’s current price decline, the primary cryptocurrency has had a highly successful year and has increased its USD value by 70% compared to the first day of 2021. Throughout the last few months, many prominent individuals such as Paul Tudor Jones, Barry Sternlicht, Orlando Bravo, Senator Cynthia Lummis, Francis Suarez (Miami’s mayor), Eric Adams (New York’s mayor), and more showcased their support.
Numerous institutions and large companies have also turned their sight towards the cryptocurrency by investing in it. MicroStrategy is the brightest example as the firm takes every opportunity to accumulate more bitcoin.
These developments might be some of the reasons why 26% of US residents are currently BTC HODLers, acc
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