Kraken published the results of its 2024 Investing in Cryptocurrency Survey, which shows that a wide range of demographics in the United States are embracing cryptocurrency as an investment or even as the future of finance.
The survey, which involved residents in the United States over 18 years old, was conducted last month in partnership with SurveyMonkey Audience. They asked questions related to cryptocurrency assets relative to traditional assets such as stocks, bonds and real estate from 2,191 respondents.
According to the report, 70 percent of cryptocurrency holders in the United States prefer investing in established cryptos instead of options such as memecoins and emerging coins; 12 percent prefer memecoins and 17 percent prefer emerging coins.
Seventy-three (73) percent of cryptocurrency holders plan to continue investing in cryptocurrency next year, while 36 percent see more growth potential for crypto relative to 34 percent for stocks, 17 percent for real estate, and 13 percent for bonds.
Thirteen (31) percent are influenced by positive price movements to adopt crypto, while institutional adoption, regulations, personal endorsements, and negative price movements influenced 22 percent, 22 percent, 15 percent and 8 percent of the respondents, respectively.
“While crypto interest spans across generations, 69% of middle-aged survey respondents (ages 45-60) reported having purchased crypto in the past compared to only 55% of younger survey respondents (ages 18-29). Middle-aged investors (46%) show a clear preference for crypto over traditional stocks (23%) in their future investment plans, disrupting the notion that crypto is primarily for younger generations,” reads the report.
The respondents believe that institutional adoption shows that crypto is legitimate and their perspective on seeing increased cryptocurrency regulations suggests that entities across the crypto space should be transparent. Likewise, increased crypto regulations will make investors more confident.
