Unchained, a leading bitcoin financial services provider, today published a new report showing an interesting increase in bitcoin ownership among Americans. According to their findings, one in four Americans and 55% of investors surveyed, defined by Unchained as those with at least one investment account between the ages of 18 and 78, own bitcoins.
The study, which surveyed 402 US investors, revealed that 95% of current btc owners are considering increasing their holdings in 2024. Surprisingly, almost half of non-btc owners expressed a strong inclination to purchase bitcoins over the next anus.
Key factors influencing potential btc purchases in 2024 include greater regulatory clarity around digital assets, with 42% of current btc owners and 35% of non-owners highlighting this factor. Other influential elements identified were the possible approval of a bitcoin spot exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC) and the anticipation of an economic recession in the United States.
Even though the price of btc is down more than 50% from its peak, 79% of investors expect btc to surpass its all-time high of $69,000. More optimistically, more than half of investors surveyed (55%) predict a new all-time high for btc in 2024, and a third believe btc will outperform cash, gold, and the S&P 500.
Unchained’s survey also predicts a significant increase in bitcoin allocation within retirement portfolios. Nearly half of current btc owners have btc in their retirement accounts, and an additional 35% are considering adding it in 2024. Among non-btc owners open to investing in the asset, 23% expressed interest in including btc in your retirement accounts.
“At Unchained, we are seeing an influx of newcomers to bitcoin who now understand that the asset has longevity,” said Joe Kelly, co-founder and CEO of Unchained. “As reflected in both Unchained’s survey results and our client activity, U.S. investors are eager to gain or expand exposure to bitcoin, especially through tax-advantaged vehicles like Unchained’s bitcoin IRA. As more investors look to open or increase their bitcoin positions, Unchained looks forward to serving them, whether through crowdsourced custody, the Unchained IRA, our trading desk, or our inheritance solutions.”
With an estimated 158 million Americans owning investment accounts, Unchained’s survey provides valuable insights and represents the U.S. investor population to within a 5% margin of error at a 95% confidence level. The survey, conducted digitally from October 26 to 28, 2023, during a period in which the price of bitcoin ranged between $33,610 and $34,977, offers a compelling perspective on btc sentiment and expectations for 2024.
