Cryptocurrency Ownership Remains Stable in US, UK, France, and Singapore: Report
Date: 2024-09-11 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Cryptocurrency ownership remains stable in 2022, particularly in the US, UK, France, and Singapore, according to a new report.
The 2024 State of Cryptocurrency Report from crypto giant Gemini sheds light on cryptocurrency adoption, motivations for owning and trading, overall sentiment, crypto ETF adoption, and more.
The Gemini report notes that the majority (57%) of cryptocurrency holders are “comfortable” adding crypto assets to their investment portfolios. Additionally, many former holders said they would return to the crypto market soon.
Cryptocurrency HODLers’ adoption remains stable at 21% in the US and 18% in the UK from 2022 to 2024. France saw a slight increase in cryptocurrency ownership from 16% in 2022 to 18%. Meanwhile, Singapore saw a decline from 30% to 26% over the past two years.
Interestingly, in the US, nearly two in five (37%) cryptocurrency owners surveyed said they owned crypto via ETFs. The report suggests that the recent approval of Bitcoin and Ethereum spot ETFs has contributed to the steady growth.
The majority of US cryptocurrency owners also plan to consider candidates’ crypto policies when voting in the November elections.
“Crypto investors have proven resilient through many market cycles over the years, and the latest downturn was no exception,” says Marshall Beard, COO of Gemini.
Cryptocurrency Owners ‘Comfortable’ Adding 5% to Digital Assets in Their Portfolios: Gemini Report
A survey conducted from May to June 2024 found that 57% of respondents who own cryptocurrency are “comfortable” with including cryptocurrency in their investment portfolios.
“Most cryptocurrency owners want to allocate 5% or more to digital assets,” the report notes.
Additionally, this year has seen a decline in the share of women among cryptocurrency owners compared to 2022. Only 31% of female respondents identify as cryptocurrency owners, down from 42% in 2022. While 69% of cryptocurrency owners surveyed are men, up from 58%.
