Grayscale is saying that Bitcoin (BTC) stays the preferred cryptocurrency within the US however BTC buyers are additionally betting on different digital property.
In its third annual Bitcoin investor examine, which surveyed 1,000 US shoppers, Grayscale reviews that the preferred altcoin amongst house owners of BTC is the main sensible contract platform Ethereum (ETH).
The crypto titan says that 44% of Bitcoin buyers spend money on ETH. Ethereum is adopted by Dogecoin (DOGE) with 44% of BTC house owners additionally holding the unique meme coin.
“Cryptocurrency investing is just not a zero-sum recreation.
Most buyers who personal Bitcoin (87%) even have publicity to a number of altcoins.
The preferred altcoins to personal embrace Ethereum, the go-to platform for DeFi [decentralized finance] and NFT [non-fungible token] tasks, and Dogecoin.”
The report additionally reveals that 26% of BTC holders personal Litecoin (LTC), making it the third hottest altcoin on the record. LTC is adopted by Cardano (ADA). Amongst Bitcoin buyers who had been surveyed within the examine, 15% personal ADA.
Bitcoin house owners are investing in different digital property as new tokens emerge within the crypto market amid the rising reputation of latest crypto sectors, resembling DeFi and the metaverse.
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