LOS ANGELES, Sept. 30, 2020 /PRNewswire/ — Bitcoin IRA, the world’s first, largest, and most secure digital asset IRA technology platform that allows clients to purchase cryptocurrencies and other digital assets for their retirement accounts, today released results of a follow up survey analyzing buyer sentiment among crypto investors during the pandemic.
The same survey was sent to cryptocurrency investors in June 2020 and September 2020 to see how investor sentiment for crypto assets may have changed during that time period. The results show that investors are much more interested in owning cryptocurrencies for long-term holding, likely due to concerns over high-inflation of fiat currencies and excessive global debt caused by the pandemic. Other assets that are uncorrelated to the US dollar such as gold and silver also showed increasing interest by investors. And interest in earning a yield while holding crypto assets was also increasing significantly, most notably with “staking,” a process where individuals can earn a yield on their existing assets by verifying blockchain transactions.
Investors looking to buy and hold cryptocurrencies “long-term” instead of trading shorter-term increased by nearly 20% since the June survey (57% in June, 68% in September).40% more respondents answered that they believe Bitcoin’s price will remain between $10,000 to $15,000 at the end of the year (49% of all respondents in September expected this range).Respondents interested in investing in gold or silver increased 12% since June (47% in June, 53% in September).Respondents looking to earn interest on their crypto holdings (either from staking or lending) increased from 53% to 60%. The majority of this new interest was focused on staking as it jumped 30% from our previous survey in June (27% in June, 35% in September).Chainlink still remains the crypto with the greatest investment interest (outside of Bitcoin and Ethereum) capturing nearly 35% of all respondents
Results for the latest September survey are available here.
Methodology The same survey was sent to a randomized group of consumers interested in investing in cryptocurrencies on June 18, 2020 and September 24, 2020. The number of respondents that completed the survey in June and September was 317 and 471, respectively. Individual respondents may have differed across both surveys.
Earlier this year the company launched several new programs to help make investing in cryptocurrencies easier and more accessible. The company’s traditional program enables individuals to rollover their existing IRA and buy crypto using its proprietary 24/7 online self-trading platform, while their Saver IRA™ program allows consumers to start a new retirement account and contribute for as little as $100 a month. The company also added physical gold as a new asset option enabling its clients to buy and sell investment-grade, US-certified gold bars directly on its platform alongside seven other digital assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Stellar Lumens (XLM) and Zcash (ZEC).
Individuals interested in adding cryptocurrencies to their IRA can learn more at bitcoinira.com or by calling 866-333-4307.
About Bitcoin IRA Bitcoin IRA, available at bitcoinira.com, is the world’s first, largest, and most secure digital asset IRA technology platform that allows clients to purchase cryptocurrencies and physical gold for their retirement accounts.
The company provides a trading platform for self-directed retirement accounts which allows clients to set up a qualified digital asset IRA account, transfer funds from an existing IRA custodian, execute trades in real-time 24/7 through a leading exchange, and store the funds in an industry-leading multi-signature digital wallet from BitGo, Inc.
Since 2016, Bitcoin IRA has processed over $400 million in investments and has over 50,000 account holders with more than 2,500 5-star client reviews. The company has been featured extensively in the media, with coverage in Forbes magazine, CNBC, CoinDesk, and The Wall Street Journal, among other leading publications.
Bitcoin IRA is a financial services technology provider, and as such, is not a financial adviser, cryptocurrency, exchange, custodian, wallet provider, initial coin offering (ICO), or money transmitter. Bitcoin IRA is privately funded and based in Los Angeles.
Learn more about Bitcoin IRA at bitcoinira.com or call 866-333-4307.
View original content to download multimedia: http://www.prnewswire.com/news-releases/bitcoin-ira-survey-shows-more-bullish-long-term-investor-sentiment-today-than-in-june-301143529.html
SOURCE Bitcoin IRA
Copyright © 2020 PR Newswire Association LLC. All Rights Reserved.