After two years of turmoil in the cryptocurrency market, long-term holders are accumulating digital assets despite some of the problems that arose after Ethereum and Bitcoin Etf's approval.
bspIn addition, Gemini claims that past investors seem ready to return to the market as spot Etf's on #Ethereum and #Bitcoin are attracting billions of institutional investors.
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The report shows that #cryptocurrencies are stable in key markets, with 21% in the US and 18% in the UK identifying themselves as owning cryptocurrencies.
In France, the share of cryptocurrencies rose from 16% to 18%, while Singapore saw a slight decline. The share of cryptocurrencies fell from 30% to 26%. Marshall Beard, COO of Gemini, commented on the findings:
Crypto investors have proven their resilience through many market cycles over the years, and the latest economic downturn was no exception. With the introduction of spot #cryptocurrency ETFs in the US and significant progress towards thoughtful regulation in many jurisdictions around the world, the industry is experiencing significant growth as retail investors re-enter the cryptocurrency market or do so for the first time.
The report highlights a number of trends and barriers in the cryptocurrency landscape. It is worth noting that nearly 5 out of 2 non-cryptocurrency holders in the US and UK cite regulatory uncertainty as a major deterrent to investing in digital assets.
In France, 32% of respondents expressed similar concerns, while nearly half of respondents in Singapore (49%) expressed concerns about cryptocurrency regulation.
As for investment intentions, the majority of cryptocurrency owners (57%) expressed their intention to invest more than 5% of their investment portfolio in digital assets. In addition, more than four percent (1%) of former cryptocurrency owners (26%) expressed interest in re-entering the market, indicating potential capital inflows.
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