Crypto Investments Rise in Popularity – Overtake Gold in USA

According to a recent survey, data collected by the popular Japanese crypto exchange bitFlyer, crypto investment has become the 4th most popular form of planned investment for respondents in the USA, overtaking gold.

  • The survey focused on people in the USA and Japan, and between the two nations, some very large differences in how cryptos are viewed emerged.
  • Additionally, the survey has confirmed that COVID-19 has made a major impact on the investment landscape, especially among people who aren’t in a high-income bracket.
  • bitFlyer targeted over 3,000 people in the USA and Japan, aged 20-59 with their survey.
  • In the USA, stocks were the most popular form of investment, followed by 401(k) investment, which was in the same group as insurance and certificates of deposit.
  • The third most popular form of investment with US respondents was real estate, with cryptos in fourth place.
  • 30% of US respondents said they think Bitcoin and other cryptocurrencies will be attractive in 2021.

bitFlyer Survey Shows Bit Differences Between USA and Japan

While cryptocurrencies seem to be gaining popularity in the USA, Japanese respondents were far less optimistic about the asset class in 2021.

Just 5% of Japanese respondents said they had exposure to some form of crypto asset, compared to 22% in the USA.

When it comes to interest in tokens – the difference between the two nations was also large.

In the USA 39% of the respondents who have never used or invested in cryptocurrencies said they were interested in the sector – compared to 15% in Japan.

Overall, Japanese respondents appear to be far less interested in investing in financial assets this year. Just 18% of the respondents from Japan said they were planning to make investments in financial assets this year – compared to 68% in the USA.

The price action of most assets has been roughly the same between the two nations, as the US dollar and Japanese yen are both stable currencies.

Cryptocurrencies have been on the rise in both countries,…

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