55% of Bitcoin hodlers have entered this year, says survey
The interest and demand for Bitcoin increased a lot in 2021 despite the turmoil of the digital asset, observed in some periods. More than half of today’s long-term investors (bitcoin hodlers) have entered in the past 12 months, according to Grayscale Investments LLC.
A survey of 1,000 respondents was conducted, where 55% said they had started investing in Bitcoin this year alone. A quarter of respondents said they already owned the long-term asset before 2021.
The results underscore the explosive growth that cryptocurrencies have seen this year as investors exposed themselves to heightened volatility amid the growing popularity of even altcoins and miscellaneous products such as non-fungible tokens (NFTs), metaverse and gamecoins.
Even with a sharp drop in recent days, Bitcoin continues to appreciate above 70% since January 1, 2021.
- Jordan Belfort, “The Wolf of Wall Street,” believes XRP will hit $10
- “China was right to ban cryptocurrencies”, says billionaire and Warren Buffett partner Charlie Munger
- Nassim Taleb takes advantage of the fall to criticize Bitcoin: “It’s not for protection, it’s not a currency, it’s nothing”
Far surpassing traditional market indices such as the S&P 500 (approx. +22% since the beginning of the year) and IBOV (approx. -11% in the same period).
This demand for Bitcoin is due, among other factors, to rising global inflation, with currencies around the world losing value and purchasing power.
Bitcoin and other cryptocurrencies are proving to be a great hedge against inflation.
Easy access to assets by investors of the most diverse types and locations is a factor that contributes to the growth observed and, according to data presented in this article, there is still a lot to grow.