Grayscale: Most Crypto-Owning Americans Only Started Investing in 2021. 2021 saw many Americans jumping into the crypto space.
11 Dec 2021, 08:00
Grayscale: Most Crypto-Owning Americans Only Started Investing in 2021
2021 saw many Americans jumping into the crypto space. In fact, according to a new report from Grayscale Investments, more than half of Americans owning crypto began trading just this year.
Grayscale Issues New Report Detailing Crypto OwnershipIt can be said for many reasons that 2021 was the era of crypto. One of the main reasons is because assets like bitcoin and Ethereum hit all-time highs, with the former reaching $68,000 per unit in November and the latter spiking to about $4,700 per unit. In addition, this was also the year in which a bitcoin ETF was unleashed on the public. While it is based on futures technology rather than physical bitcoins, many analysts and traders believe this is a solid step forward for the crypto arena.
Interest has really grown this year per data from Grayscale. As many as 1,000 individuals were surveyed between the ages of 25 and 64. Approximately 55 percent of the holders said that they garnered their first crypto sometime this year, while only about 26 percent of the participants said that they had held crypto units prior.