Paid content from Bazoom Group. The information in this article is not intended to be personal financial advice.
Over the past decade, investing has expanded beyond real estate, gold, bonds, stocks, mutual funds, and more to include cryptocurrencies and pre-sale tokens. As stated by Alan Draper, investing in presale cryptocurrencies can be a good way to earn passive income due to their high growth potential. Bitcoin and altcoins are now on the list of standard investment options in the US and around the world. Since the launch of the first crypto Bitcoin in 2009, there are now thousands of assets including altcoins, stablecoins, utility tokens, and more. Many celebrities who were opposed to Bitcoin have changed their minds about the digital currency and are now publicly accepting Bitcoin.
Cryptocurrency adoption has skyrocketed significantly in the United States, with young and old alike believing in the potential of Bitcoin, Ethereum, and other coins. The ownership rate of cryptocurrencies in the United States shows a positive trend, with a significant increase of 10% from 2023 to 2024. About 17% of American adults owned cryptocurrencies last year, according to a Pew Research Center survey. Another report shows that 70% of these crypto holders are men. Fast forward to 2024, and Americans’ awareness and ownership of cryptocurrencies has jumped from 30% to 40%. This means that a staggering 93 million Americans now own at least one cryptocurrency, marking a historic high for the U.S. cryptocurrency market. Prior to this new record, the highest ownership rate in 2022 was 33%.
Interestingly, women are also making great strides in the cryptocurrency industry, not only as investors, but also in news reporting, podcasts, and roles in blockchain companies. Between 2023 and 2024, the percentage of women owning cryptocurrencies jumped from 18% to 29%, a significant increase. Based on a survey of non-holders who have expressed their intention to acquire some cryptocurrencies this year, the current numbers may still fluctuate this year. Approximately 15% of Americans who had not invested in digital coins as of 2023 planned to purchase one by the end of 2024.
At the same time, more people continue to commit to cryptocurrency investments and plan to acquire even more crypto assets in 2025, indicating a stable and growing market. . The cryptocurrencies to watch next year are BTC, ETH, DOGE, and ADA. These coins are also in the top 5 in 2023, making SHIB one of the 5 most owned cryptocurrencies in 2024.
Crypto’s key acquisitions in 2020/2021
Multiple reports indicate that many crypto investors made their first purchases in 2020 and 2021 during a significant spike in BTC prices. Some analysts also blamed the investment amount on the global health crisis that forced the world to stay at home. Many people have time on their hands during transitions in their lives and begin looking for options to diversify their investment portfolios. Apart from mere investment purposes, people have been acquiring cryptocurrencies for more and more reasons over the years. Many investors believe that cryptocurrencies are the future, and even more investors are interested in the technology behind digital currencies.
Notably, cryptocurrency enthusiasts are not limited to individuals. Institutional investors are also acquiring cryptocurrencies as part of their investment strategies. MicroStrategy Inc. was the first publicly traded company to purchase Bitcoin in August 2020. After initially purchasing 21,454 BTC worth $250 million at the time, the company continued to accumulate more Bitcoins. The company’s recent purchase of 18,300 BTC for $1.11 billion is further evidence that investors believe that cryptocurrencies are indeed the future.
However, there are some concerns with cryptocurrencies, particularly regarding the increasing number of attacks by cybercriminals and the complexity of regulating and monitoring them.
