Composition of Bitcoin's investor base is rapidly shifting

August 7, 2020   Bitcoin

This shift comes as more investors start turning to the benchmark cryptocurrency due to its status as a “hard asset” – which many be sparking a trend of accumulation amongst investors. One group, in particular, that might be behind this trend is young investors. A recent analysis from banking giant JPMorgan shows that this group is widely accepting Bitcoin as both a store of value and as an alternative to the U.S. Dollar.

This trend was highlighted in a recent post from analytics firm Glassnode, in which they explain that over the past five years, the percentage of the BTC supply owned by entities with less than ten BTC has grown by nearly 9%. They also note that the percentage of the supply owned by entities holding between 100 and 100,000 BTC has declined from roughly 63% to 49.9% currently.

NewsBTC reported yesterday that a recent analysis put forth by JPMorgan revealed that the younger generations have a high inclination to invest in Bitcoin. “The two cohorts show divergence in their preference for ‘alternative’ currencies… The older cohorts prefer gold while the younger cohorts prefer bitcoin,” the bank’s analysts wrote.

Because Bitcoin is currently performing incredibly well against a backdrop of immense money printing and economic turbulence, there’s a high chance that this trend will only pick up steam as demand for “hard assets” continues growing.

Source

Share
Pin
Send
Share
Share

Related Crypto News and Promotions




Top upcoming ICOs

ICOs Rating Days left
1 2local 5 7
2 PointPay 5 179
3 Geco.one 4.9 35
4 Pawtocol 4.9 35
5 Ledder 4.9 65
6 DogData 4.9 66
7 Tycoon 4.9 96
8 SerenitySource 4.9 96
9 Curate 4.9 126
10 IdeaFex 4.9 509

ICOs rating

Top Cryptocurrencies

Сryptocurrency CVIX Price Change, 24h
Bitcoin 72 $32 302.44 -0.21%
Ethereum 82 $1 270.42 3.91%
Tether 1 $1.00 -0.07%
Polkadot 92 $18.23 7.50%
XRP 67 $0.274100 -0.81%
Cardano 87 $0.346100 -0.65%
Chainlink 85 $24.14 9.58%
Litecoin 66 $139.75 2.66%
Bitcoin Cash 68 $432.44 0.74%
Binance Coin 49 $41.37 2.19%

Cryptocurrencies rating

Top Crypto Brokers

Broker Status
1 FIBO Group information
2 OctaFX information
3 101investing information
4 T1Markets information
5 InvestLite information
6 Orbex information
7 easyMarkets information
8 XM information
9 LH Crypto information
10 USGFX information

Brokers rating

Top Crypto Exchanges

Exchange Volume change, 24h
1 Binance 30.81%
2 Binance.KR 17.13%
3 EtherFlyer 41.08%
4 ZG.com 7.96%
5 HBTC 15.80%
6 Dsdaq 17.18%
7 Hydax Exchange 19.40%
8 Mexo Exchange 20.58%
9 Bidesk 20.58%
10 Xtheta Global 21.96%

Exchanges rating