Despite volatile market conditions, crypto investors remain resilient, with ownership levels holding steady or even rising in key regions of the world. The Global State of Cryptocurrency 2024 study provides a comprehensive look at crypto investors’ resilient commitment in uncertain times.
The survey highlights the continued commitment of investors in the US, UK, France and Singapore.
Retail Crypto Investors Aren’t Selling
In the US, 21% of adults reported owning cryptocurrency, the same as last year. Similarly, 18% of UK residents have held onto their digital assets.
In France, cryptocurrency ownership has risen from 16% in 2022 to 18% this year. However, Singapore has seen a decline from 30% to 26%.
These figures are backed by a clear motivation – long-term investment potential. Around 65% of cryptocurrency owners in these countries buy and hold cryptocurrencies with the future in mind. Moreover, 38% view their digital assets as a buffer against inflation, demonstrating a strategic approach to this volatile market.
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The resilience of cryptocurrency enthusiasts extends beyond holdings. Survey data shows that fewer investors have liquidated their holdings in the past six months compared to those who sold more than a year ago. In Singapore, only 10% have recently sold, compared to 49% who did so more than a year ago, indicating a shift toward more optimistic sentiment.
Additionally, those who previously left the market seem ready to return. More than 70% of past cryptocurrency owners are considering re-investing in the next year, driven by a positive outlook on the asset class. Among current owners, 57% are confident enough to make crypto a significant part of their investment portfolios, and 27% of former owners are likely to re-enter the market soon.
Another CoinGecko survey corroborates these findings, showing that 54.1% of investors remain optimistic about the long-term potential of the market. Despite some bearish sentiment (31.6%), a significant portion of builders (47.6%) remain optimistic, further indicating strong faith in the sustainability of cryptocurrencies.
Spot Bitcoin ETFs have attracted new investors to the ecosystem. Nearly two in five cryptocurrency owners in the U.S. now hold part of their portfolio in crypto ETFs, and 13% own crypto exclusively through these funds.
“As we enter the final months of 2024, it appears that the crypto industry has two significant growth opportunities: to recapture those who left the market during the crypto winter and to attract those who have not yet invested in digital assets,” the study says.
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Moreover, as the 2024 US presidential election approaches, cryptocurrency is becoming a major campaign topic. Among US respondents, a significant majority (73%) plan to consider a candidate’s stance on cryptocurrency when making voting decisions. Importantly, 37% said it would significantly influence their choice.
“Donald Trump Leads Harris by 6% [on Polymarket]”If he wins the election, the Bitcoin bull market will return,” Crypto Rover said.
