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Over Half of Bitcoin and Crypto Investors Buy Digital Assets for This One Reason: New Bakkt Survey

A survey commissioned by digital asset platform Bakkt is revealing the preferred motive for investing in Bitcoin and different cryptocurrencies.

The survey, which polled over 2,000 US shoppers in July 2021, says greater than half of those that bought crypto property within the final six months wished to build up worth in the long run. Other much less widespread causes embody facilitating on-line and offline commerce.

“58% of those that personal crypto chosen long-term funding. 24% stated they plan to make purchases on-line and 12% plan to make in-person purchases.”

Source: Bakkt

The Bakkt survey additionally says that the potential for long-term return is why almost one-third of crypto buyers are interested in the digital asset area.  About 16% of crypto buyers say the shortage of charges is probably the most engaging facet of cryptocurrencies, whereas ease of entry appeals to 14%.

Source: Bakkt

The ballot additionally regarded on the greatest challenges with regards to shopping for crypto property. According to the survey, the 2 best obstacles for US shoppers are “an excessive amount of volatility” and an absence of data of the place to begin.

Source: Bakkt

When requested about their stage of data on cryptocurrencies, 70% of respondents say both they know slightly or know nothing in any respect.

Source: Bakkt

You can learn the total report here.

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Disclaimer: Opinions expressed at The Daily Hodl should not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses chances are you’ll incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please be aware that The Daily Hodl participates in online marketing.

Featured Image: Shutterstock/Anton Domin/Vladimir Sazonov

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