Crypto investors remain committed amid market volatility

Despite the uncertainty in the cryptocurrency market, a recent survey shows that investors continue to hold their assets, with ownership levels stable or even rising in key regions. 

The “2024 Global State of Crypto” survey reveals a strong commitment from crypto investors, even as the market experiences fluctuations. 

In the United States, 21% of adults report owning cryptocurrency, a figure that has remained consistent with last year. 

In the United Kingdom, 18% of residents continue to hold digital assets. 

In France, crypto ownership increased from 16% in 2022 to 18% this year, while in Singapore, it decreased from 30% to 26%. 

The survey indicates that many investors are focused on the long term, with 65% holding onto their crypto and 38% viewing it as a hedge against inflation. 

There is also a noticeable decline in the number of investors selling their assets compared to a year ago. 

In Singapore, for example, only 10% have sold recently, down from 49% who sold over a year ago. 

The data suggests a more positive outlook, with over 70% of former crypto holders considering re-investing within the next year. 

A separate survey by CoinGecko aligns with these findings, showing that 54.1% of investors are optimistic about the market’s long-term potential. 

While 31.6% remain cautious, nearly half of those surveyed (47.6%) express a strong belief in the future of cryptocurrencies. 

As noted in the survey, “Now as we enter the final months of 2024, it appears the crypto industry has two significant opportunities for growth: Winning back those who exited the market during the crypto winter, as well as ushering in those who have yet to invest in digital assets.” 

With the 2024 US presidential election approaching, the topic of cryptocurrency has gained traction, with 73% of US respondents saying they would consider a candidate’s position on digital assets when voting.