Research: 52% of Americans abandon traditional assets in favor of investing in cryptocurrency

ChainCatcher news, according to Bitcoin.com, a survey shows that more than half of Americans (52%) have sold traditional assets like stocks or gold to invest in Bitcoin. Additionally, one in five American residents has allocated more than 30% of their investment funds to cryptocurrencies. Overall, 68% of Americans now own cryptocurrencies, indicating a significant shift in their financial strategies.

The survey report states: "The main catalyst driving this growth is the election of President Trump, which prompted 38% of Americans to increase their investments in cryptocurrencies. Among those who increased their portfolios after these events, 84% are first-time buyers, indicating that political milestones are effectively attracting a new wave of cryptocurrency investors."