Price drops of around 10% for Bitcoin (BTC) and 25% for Ethereum (ETH) have sent them to their lowest points in the last six months, respectively, since August. So, it seemed like crypto investors' optimism was waning and they were starting to see the market in a bad light.

Despite the recent market volatility, the majority of owners of the top cryptocurrencies are still optimistic, according to a new research. As a result of a slowdown in the sale of digital assets during the last six months, investor ownership has remained constant.

Gemini, a worldwide exchange, released its 2024 Global State of Crypto Report on Tuesday, and it showed that investors are still positive on Ethereum and Bitcoin. Six thousand people from the United States, the United Kingdom, France, Singapore, and Turkey were polled for the report.

The study shows that owners and former owners of crypto have a good opinion about the asset class. Among investors asked, 57% said they felt comfortable include digital assets in their portfolio.

A quarter of previous owners gave a favorable answer to the same question, suggesting they may be considering a return to the market. Also, during the next five years, 62.5% of investors are certain that the price of Bitcoin and Ethereum will keep going up.

Similarly, after 2022's crypto winter, 55% of owners feel more optimistic about the market's future.

Within the next decade, the majority of investors (60.2% to be exact) expect many businesses will accept Bitcoin, Ethereum, and stablecoins as payment.

Investment in Crypto Remains Steady at 2022 Levels
The amount of Americans, Britons, and Francophones who hold cryptocurrency has been rather stable over the last two years. Nevertheless, the proportion of previous owners has been on the rise throughout the year, indicating that there were more owners prior to the market crash.

Ownership numbers in the US and UK are unchanged from 2022 statistics, but there was a dramatic increase in the number of investors pulling their money out of the market. According to the survey, the former owners' rate in the US was 5% two years ago, while in the UK it was 8%. These numbers have risen to 14% in 2024.

The proportion of people who do not own anything in both nations fell from 75% to 74% to 65% and 68%, respectively. Nevertheless, those who are not owners see the lack of clarity in regulations as a negative. When asked what prevented them from breaking into the market, 38% of respondents from the US and UK mentioned worries about regulations.

The ownership rate in Singapore dropped from 30% in 2022 to 26% in the current year. The majority of previous investors (75%), according to the research, got out of the market over six months ago. Despite an increase of former crypto owners, selling activity has slowed dramatically in recent months.

Similarly, investors are sticking onto their assets during the rise and market shakeouts, since the proportion of current owners who sold their crypto during this time is far smaller than the investors who sold over a year ago.

Owners of cryptocurrencies in the past are expected to come back, as stated in the research. Even though they pulled out after the market crash, more than 70% of ex-owners who participated in the study said they are "likely to buy cryptocurrencies in the next year." "The ex-investors are bullish about digital assets, indicating that they will be prepared to purchase again."


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