Study shows 57% of holders are “comfortable” having cryptocurrencies in their investment portfolio
2 min readA new report highlights that cryptocurrency ownership has remained consistent since 2022, especially in the US, UK, France, and Singapore.
The 2024 Global State of Crypto report from cryptocurrency giant Gemini provided some insights into crypto adoption, motivations for owning and trading cryptocurrencies, general attitudes, the recent adoption of crypto ETFs, among others.
According to the report, the majority (57%) of crypto holders feel “comfortable” having cryptocurrencies in their investment portfolio. Furthermore, many former holders have indicated that they will soon return to the crypto market.
Cryptocurrency holders have shown steady adoption from 2022 to 2024, with 21% in the US and 18% in the UK. Additionally, France saw a slight increase to 18% in crypto ownership from 16% in 2022. Meanwhile, Singapore saw a drop from 30% to 26% in the past two years.
“The consistency in ownership is partly due to crypto holders’ attitudes towards the asset class,” the report says.
About two in three crypto owners in these geographies (65%) report buying and holding cryptocurrencies for their long-term investment potential, and nearly two in five (38%) hold cryptocurrencies as a hedge against inflation.
Interestingly, in the US, nearly two in five (37%) crypto respondents said they hold some coin through an ETF. The report suggests that the recent approval of spot Bitcoin and Ether ETFs has contributed to the steady growth.
Additionally, most crypto owners in the US are also considering the crypto-friendly policies of candidates running in the November elections.
“Crypto investors have proven their resilience through multiple market cycles over the past few years, and the previous bear market was no exception,” said Marshall Beard, COO of Gemini.
Crypto Holders Are “Comfortable” With 5% of Digital Assets in Their Portfolios
The survey, conducted from May to June 2024, highlighted that 57% of crypto respondents feel “comfortable” making cryptocurrencies a major part of their investment portfolio.
“Most crypto owners want to allocate 5% or more to digital assets,” the report noted.
Additionally, there was a drop in crypto adoption by female investors this year compared to 2022.
Only 31% of female respondents identify as crypto holders, down from 42% in 2022. Meanwhile, 69% of crypto owners surveyed identified as men, up from 58%.
