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COVID-19 made Bitcoin more appealing to investors


A survey by Grayscale Investments signifies that the COVID-19 pandemic has elevated investor urge for food for Bitcoin (BTC).

Supply: Grayscale Investments.

The agency surveyed 1,000 U.S. customers between the ages of 25 and 64 that had been concerned in private investments of $10,000 or extra in family investable property. The survey was performed in June-July 2020. 63% of the respondents who had invested in Bitcoin within the earlier 4 months mentioned that the pandemic had an affect on their resolution. Furthermore, 39% discovered Bitcoin to be extra interesting due to the pandemic. Solely 13% mentioned that the occasions surrounding COVID-19 made the asset much less fascinating:

“In response to respondents, Bitcoin seems to share some attributes with secure haven investments. Bitcoin’s shortage, verifiable nature, lack of correlation to world markets, and the truth that it isn’t managed by authorities organizations are attributes that make Bitcoin just like conventional secure haven investments.”

This seems to assist Bitcoin’s standing as a safe-haven asset, as posited by many analysts. In response to the outcomes of the survey, curiosity in Bitcoin as an funding seems to extend in tandem with training stage. Thus, solely 17% of the respondents and not using a diploma had an curiosity within the asset, whereas 29% holders held a graduate diploma.

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