Grayscale Capital and Q8 Research have released an investment study in July. The survey covered about 1,000 Americans that provided some details about average cryptocurrency holders along with the mood regarding bitcoin.
According to Q8 experts, 36% of Americans have a desire to invest in cryptocurrency. Interest in Bitcoin and investment activities definitely goes beyond a relatively small community of digital asset enthusiasts. At present, it is expressed by investors with a broader financing approach.
At the same time, the report showed that more than 83% of respondents would first try their luck with a small investment in Bitcoin, to be able to adjust their investments later.
"Bitcoin and other digital currencies may have unique investment characteristics that provide diversification far beyond the basic 60% stock/40% bond portfolio allocation." – reads the study.
Bitcoin investments are made during still extremely high liquidity in the market, near-peak stock prices and negative bond yield. For reference, the main cryptocurrency volatility remains one of the biggest problems, but the potential of unexpected and unusually high profits attracts investors.
A previous Grayscale study discovered that, depending on market conditions, keeping Bitcoin in an investment portfolio can help offset risk in stocks and bonds.
Bitcoin prices have remained extremely volatile, and in the past, it has brought great losses to retail investors. In December 2017 when the market was at the peak, aggressive purchases led to deep personal financial losses, as prices fell by 50% within a few days after reaching an all-time record of about $20,000.
Earlier it was reported that Bitcoin enthusiast John McAfee expressed on Twitter a new prophecy about the future of Bitcoin. This time, an eccentric expert gave a short-term forecast of Bitcoin.