According to research conducted by cryptocurrency exchange bitFlyer, Bitcoin has become the 4th most popular investment vehicle among US investors after overtaking gold.
In particular, the leading cryptocurrency is the fourth most popular investment instrument behind stocks, 401k and real state.
As a comparison, BTC does not seem to be so popular in Japan, the country where the crypto trading platform has its headquarters.
The main difference in terms of crypto acceptance between the US and Japan becomes obvious in the answers to the question about how US and Japanese investors see crypto as an investment. While 76% of Americans view cryptocurrencies positively, 78% of Japanese view cryptocurrencies negatively.
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It looks like the recent rally in the crypto market in which both BTC and ETH have surpassed previous all-time highs as well as the financial insecurity caused by the COVID-19 pandemic have boosted the interest of investors in digital assets. According to the research, 82% of people in the US invest in financial assets, while a Pew research concluded that only a few months ago the figure was just 52%.
As a result, the largest cryptocurrency by market cap has overtaken gold, which is traditionally seen as a safe haven, as the 4th most popular investment instrument in the US.
The survey has also found out that US and Japanese investors have different plans for their funds for 2021, as 68% of Americans intend to increase their investment activity, while only 18% of Japanese are planning to do so.