Crypto Goes Mainstream: 57% Of Investors Ready To Allocate 5% Or More To Bitcoin, Ethereum
Portfolio Pulse from Murtuza Merchant
A new report by Gemini reveals that 57% of crypto owners are comfortable allocating 5% or more of their portfolio to digital assets, indicating growing mainstream acceptance. The introduction of spot crypto ETFs in the U.S. has facilitated this trend, with 37% of U.S. crypto owners holding assets through ETFs.
September 10, 2024 | 4:06 pm
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The growing acceptance of Bitcoin as a mainstream investment is highlighted by 57% of crypto owners willing to allocate 5% or more of their portfolio to digital assets. The introduction of spot Bitcoin ETFs in the U.S. has further facilitated this trend.
The report indicates a significant shift towards mainstream acceptance of Bitcoin, with a notable percentage of investors willing to allocate a substantial portion of their portfolio to it. The introduction of spot Bitcoin ETFs in the U.S. is a key factor in this trend, likely boosting Bitcoin's short-term price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ethereum is gaining traction as a mainstream investment, with 57% of crypto owners comfortable allocating 5% or more of their portfolio to digital assets. The introduction of spot Ethereum ETFs in the U.S. supports this trend.
The report highlights Ethereum's growing acceptance among investors, with a significant portion willing to allocate a substantial part of their portfolio to it. The availability of spot Ethereum ETFs in the U.S. is likely to positively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80