“The consistency in ownership is due in part to crypto owners’ attitudes toward the asset class,” the report read.
“Nearly two in three crypto owners across these geographies (65%) report buying and holding cryptocurrency for its long-term investment potential, and nearly two in five (38%) hold cryptocurrency as a hedge against inflation.”
Interestingly, in the US, nearly two in five (37%) crypto respondents said that they hold some crypto through an ETF. The report suggested that the recent approval of Bitcoin and Ether spot ETFs have brought the stable growth.
A majority of US crypto owners are also planning to consider candidate’s crypto policies while voting for the November elections.
“Crypto investors have proven their resilience over numerous market cycles throughout the years, and the latest downturn was no exception,” says Marshall Beard, COO at Gemini.
Crypto Owners “Comfortable” Adding 5% Digital Assets to Portfolio: Gemini Report
The survey, conducted from May to June 2024, stressed that 57% of crypto respondents are “comfortable” making crypto, a core part of their investment portfolio.
“Majority of crypto owners want to allocate 5% or more to digital assets,” the report noted.
Additionally, there has been a dip in female ownership of cryptos this year, when compared to 2022. Only 31% female responders identifies as crypto HODLers, down from 42% in 2022. Whereas, 69% of crypto owners surveyed identified as male, up from 58%.