Majority Of Americans Shift Investments To Cryptocurrency

According to PANews, a survey by Chainplay and Storible reveals that 52% of Americans have sold traditional assets like stocks or gold to invest in Bitcoin, indicating a significant shift in investment strategies. Currently, 68% of Americans hold cryptocurrencies, with 20% of U.S. residents allocating over 30% of their investment funds to digital currencies. The re-election of Donald Trump and his appointment of pro-crypto officials are seen as key drivers of the cryptocurrency market surge, leading to record-high Bitcoin prices. The survey indicates that following Trump's election, 38% of Americans increased their crypto investments, with 84% of these being first-time investors. Additionally, 64% of respondents have recommended cryptocurrencies to family members, and 77% plan to increase their holdings by 2025. Furthermore, 60% expect their crypto investments to double next year. Notably, 51% of investors have allocated over 30% of their crypto investments to meme coins, reflecting high demand for this category.