Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Where Does Crypto Stand in 2024?
    Cryptocurrency

    Where Does Crypto Stand in 2024?

    October 25, 20244 Mins Read


    Paid content with Bazoom Group. The information in this article is not intended to be personal financial advice.

    Over the last decade, investments have expanded beyond real estate, gold, bonds, stock, mutual funds, and the like to include cryptocurrency and presale tokens. As Alan Draper states, investing in crypto presales can be a good way to earn passive income due to their high growth potential. Bitcoin and altcoins are now on the list of standard investment options in the US and globally. Right from the first launched crypto Bitcoin in 2009, there are now thousands of assets, including altcoins, stablecoins, utility tokens, and more. Many prominent names that were against Bitcoin have now changed their hearts about digital currencies and now publicly acknowledge them.

    The US is experiencing a remarkable surge in crypto adoption, with both the young and the old placing their trust in the potential of Bitcoin, Ethereum, and other coins. The ownership rates of crypto in America have seen a significant 10% increase between 2023 and 2024, marking a positive trend. A Pew Research Center survey revealed that approximately 17% of American adults owned cryptocurrency last year. Another report indicated that 70% of these crypto owners were men. Fast forward to 2024, and the awareness and ownership rates of crypto among Americans have surged from 30% to 40%. This means that a staggering 93 million Americans now own at least one crypto, marking a historic high in the US crypto landscape. Before this new record, the highest ownership rate was 33% in 2022.

    Interestingly, women are also making significant strides in the crypto industry, not just as investors but also in news reporting, podcasts, and roles in blockchain companies. The percentage of women who own crypto between 2023 and 2024 jumped from 18% to 29%, a substantial increase. The current numbers are still subject to trajectory this year, based on a survey of non-owners who declared their intentions to acquire some crypto this year. About 15% of Americans who currently have no investment in digital coins as of 2023 planned to purchase some before the end of 2024.

    At the same time, more people are remaining committed to crypto investment and plan to obtain more in 2025, indicating a stable and growing market. The top cryptos of interest for next year are BTC, ETH, DOGE, and ADA. These coins are also in the top 5 for 2023, with SHIB being one of the five most owned crypto in 2024.

    Crypto’s Significant Acquisitions in 2020/2021

    Multiple reports show that many crypto investors made their first acquisitions in 2020 and 2021 amid the significant BTC price spike. Also, some analysts attributed the investment volume to the global health crisis that forced the world to stay home. Many people had much time to spare during the life-changing period and started seeking options to diversify their investment portfolios. People continue to have more reasons to acquire crypto over the years, apart from merely investment purposes. Many investors believe crypto is the future, and many more are interested in the technology behind digital currencies.

    Notably, crypto enthusiasts are not limited to just individuals. Institutions are also acquiring cryptocurrencies as a part of their investment strategies. MicroStrategy Inc. was the first publicly traded company to buy Bitcoin in August 2020. After the initial purchase of 21,454 BTC worth $250 million at the time, the company has continued to amass more Bitcoin. Its most recent buy of 18,300 BTC for $1.11 billion is a further testament that investors believe that crypto is indeed the future.

    However, crypto has a few concerns, especially with the increased attacks by cybercriminals and the complexities of its regulations and oversights.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    France arrests five over cryptocurrency kidnapping

    Cryptocurrency

    SEC-Davao monitoring 4 entities allegedly involved in cryptocurrency scams

    Cryptocurrency

    Russia Developing Cross-Border Digital Payment with BRICS

    Cryptocurrency

    Regal Investments Commits $30 Million to Cryptocurrency Prop Trading Initiative

    Cryptocurrency

    Banks must build trust to thrive in digital age 

    Cryptocurrency

    Digital Pound? Bailey’s Right to Be Wary

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Samsung reçoit 58 distinctions dont un Gold Award pour son robot AI Ballie

    Precious Metal

    PAN GLOBAL INTERSECTS 6.5M OF 1.22 G/T GOLD AND 14M OF 0.46% COPPER, EXPANDING MINERALIZATION AT CAÑADA HONDA DISCOVERY, ESCACENA PROJECT, SOUTHERN SPAIN USA – English USA – English

    Investments

    China’s green panda bonds are ‘reliable’ financing option for Africa, summit hears

    Editors Picks

    Consett money launderer must pay £32k after cryptocurrency scheme

    May 7, 2025

    Hellfest 2025 : 5 groupes à voir cet été sur la Temple

    June 10, 2025

    Fintech-Focused Cohen SPAC Leads 2 IPOs Worth $250M

    October 11, 2024

    En France et dans le monde, les entreprises optimistes pour 2025

    March 25, 2025
    What's Hot

    Après le trade de Luka Doncic, Adam Silver très honnête : « Quand j’ai appris, j’étais vraiment…

    February 15, 2025

    WazirX Cryptocurrency Exchange Loses $230 Million in Major Security Breach

    July 19, 2024

    Hong Kong-based Gaw Capital plans to step up Middle East investments

    June 5, 2025
    Our Picks

    Signature d’une lettre d’intention pour l’acquisition d’une participation opérée de 40% dans le permis gazier Sinu-9 en Colombie

    January 19, 2025

    Smart Investor: Top Defensive Stocks, Is the Market Cheap, and When Will the Fed Cut Rates?

    March 22, 2025

    Property investing in uncertain times: an expert’s tips

    June 9, 2025
    Weekly Top

    France arrests five over cryptocurrency kidnapping

    June 21, 2025

    La première place pour les électriques à l’EcoGreen Energy 2025

    June 21, 2025

    Gold Cup | Le onze probable du Canada

    June 21, 2025
    Editor's Pick

    Bex: Les compétences de Meili Technology ont failli disparaître

    May 21, 2025

    12 Best Consistent Dividend Stocks to Buy

    March 22, 2025

    Impact On Global Crypto Markets

    June 10, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.