Blockchain investing Dubai

Category: Finance

This rapid increase in investment coincides with data suggesting an increasingly positive investor attitude towards bitcoin. In its 2020 investor study, digital currency asset manager Grayscale Investments reveals 55% of investors in the United States could potentially stand as bitcoin investors in the future. The annual report, which the firm conducts with financial market thinktank 8 Acre Perspective, identifies this as a marked increase in investor interest from 2019, when only 36% of investors were open to the idea of investing in bitcoin. Michael Sonnenshein, Managing Director at Grayscale Investments, believes mainstream adoption of bitcoin by trusted institutions such as PayPal, Square, and MicroStrategy contributed largely to the change in investor perception. The data in the study reflects the same sentiment, as almost half of respondents reportedly believe digital currencies will enjoy mainstream adoption by the end of the decade. Worth noting as well is the fact that 79% of those identified as prospective bitcoin investors point at potential growth as a motivating factor for their decision.