65% of cryptocurrency users are bitcoin holders.
Despite the ups and downs that the bitcoin (BTC) market has experienced in the last two years, interest in cryptocurrencies has not been affected. "There is persistent investor confidence in the potential of cryptocurrencies as part of their portfolios," says a report published by the Gemini exchange. The document, titled "Global State of Crypto 2024," exposes recent statistics on cryptocurrency adoption, with data collected so far in 2024 in countries such as the United States, the United Kingdom, France, and Singapore.
According to the study, 57% of crypto asset owners feel comfortable including them in their investments, maintaining a positive perception as a long-term option. "The vast majority of cryptocurrency owners worldwide have them for their long-term investment potential," the study indicates. This is why almost two out of three cryptocurrency owners (65%) buy and hold digital assets, without selling them.
This is a significant number of users who apply the hold strategy because they believe in the possibility of the asset appreciating in value over time, generating profits. A belief that also leads many (38% of respondents) to invest in bitcoin to protect themselves from inflation.