Grayscale 2020 Study Reveals High Interest in Bitcoin Investment

October 29, 2020 9:22 AM UTC

The US-based digital asset management firm Grayscale recently has published its 2020 Bitcoin Investor Study that shows people’s high interest in Bitcoin. The report gathered data from a massive number of people in the U.S. between June and July through a digital poll. The firm observed the majority of the respondents were intent on purchasing Bitcoin.

Grayscale mentioned in its report, “In 2020, more than half (55%) of survey respondents expressed interest in Bitcoin investment products, this marks a significant increase from the 36% of investors who said they were interested in 2019.”

8 Acre Perspective, a research company, data assisted Grayscale’s report in collecting the figures. Almost 1,000 U.S. respondents were interested in Bitcoin investment. Firm’s 2020 report detailed, “among those who reported investing in Bitcoin, 83% have made investments within the last year, indicating that digital currencies are an increasingly attractive component of modern investment portfolios,”

In the U.S Bitcoin’s popularity has surged dramatically based on the report’s outcomes:

“This year, 62% of investors reported that they are ‘familiar’ with Bitcoin, compared to 53% in 2019. In addition, nearly half of those surveyed predicted that digital currencies will be regarded as mainstream by the end of the current decade.”

Grayscale Total AUM Jump to $7.3 billion USD

The total value of assets managed by crypto investment firm Grayscale has reached an all-time high of $7.3 billion USD. Based on the recent update, the crypto management firm has grown its AUM by adding $1 billion USD in the span of a week.

While disclosing an expansion of almost $1 billion USD in AUM, Grayscale October 22 update represents an over 7.5% increase in its Litecoin Trust and a more than 6% jump in Zcash Trust. Whereas, Grayscale’s trusts for Bitcoin and Ethereum hold most of the funds.

On October 15, Grayscale posted a tweet that showed nearly $6.5 billion USD assets under management. The most recent surge has likely followed the crypto excitement generated by PayPal crypto payment offering.

Follow us on
Daily updates

    Leave a Reply

    Your email address will not be published.

    3 × 1 =