A survey by Grayscale Investments signifies that the COVID-19 pandemic has elevated investor urge for food for Bitcoin (BTC).
The agency surveyed 1,000 U.S. customers between the ages of 25 and 64 that have been concerned in private investments of $10,000 or more in family investable belongings. The survey was performed in June-July 2020. 63% of the respondents who had invested in Bitcoin within the earlier 4 months mentioned that the pandemic had an impression on their resolution. Furthermore, 39% discovered Bitcoin to be more appealing due to the pandemic. Solely 13% mentioned that the occasions surrounding COVID-19 made the asset much less fascinating:
“In accordance to respondents, Bitcoin seems to share some attributes with protected haven investments. Bitcoin’s shortage, verifiable nature, lack of correlation to international markets, and the truth that it isn’t managed by authorities organizations are attributes that make Bitcoin related to conventional protected haven investments.”
This seems to assist Bitcoin’s standing as a safe-haven asset, as posited by many analysts. In accordance to the outcomes of the survey, curiosity in Bitcoin as an funding seems to improve in tandem with training degree. Thus, solely 17% of the respondents with out a diploma had an curiosity within the asset, whereas 29% holders held a graduate diploma.