Study shows 52% of Americans shift from traditional assets to crypto

A recent survey has revealed a significant trend among American investors, indicating that 52% have sold traditional assets like stocks or gold to invest in cryptocurrencies.

This shift highlights the growing importance of digital assets in investment portfolios, with 68% of Americans now owning some form of cryptocurrency.

Conducted by Chainplay and Storible, the survey suggests that cryptocurrency is increasingly becoming a key component of financial strategies for many individuals.

The findings coincide with anticipated changes in U.S. policy under President-elect Donald Trump’s administration, which is expected to be more favorable towards cryptocurrencies.

Since Trump's election victory, he has appointed individuals who are supportive of crypto innovation to crucial cabinet positions.

These developments are believed to have contributed to a surge in Bitcoin's (CRYPTO:BTC) value, reaching new all-time highs.

The survey indicates that 38% of Americans were encouraged to increase their crypto investments following Trump's election, with 84% of those new investors being first-time buyers.

Additionally, 64% of current crypto owners reported recommending digital assets to family members, reflecting a growing acceptance and enthusiasm for cryptocurrencies.

Looking ahead, 60% of respondents expect to double their crypto holdings by 2025, while 77% plan to purchase more cryptocurrency in the same year.

The survey also highlighted a notable interest in memecoins, with 51% of investors allocating over 30% of their crypto portfolios to these assets.

Showing a significant wave of adoption as Americans increasingly embrace cryptocurrencies as viable alternatives to traditional investments.