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A recent Kraken survey revealed that a significant 73% of current crypto holders in the US plan to reinvest in digital assets in 2025.
Kraken’s survey, posted on 12 December 2024, that polled 2537 Americans, unveiled a promising future for the crypto market in the US.
STUDY: A Kraken survey reveals that 73% of American #crypto holders plan to reinvest in 2025, reflecting growing confidence in digital currencies. pic.twitter.com/wIM0s59SFJ
— Phil Endablank (@Phil_Endablank) December 13, 2024
43% Crypto Holders Believe Crypto Is More Secure Than Traditional Banking
Kraken’s survey highlighted that over half of the respondents (55%) believe cryptocurrencies have practical, real-world applications.
According to the company, the sentiment is not confined to current crypto holders but extends to a broader audience, indicating an increasing recognition of digital assets as legitimate financial instruments.
Furthermore, 43% of participants perceive cryptocurrencies as more secure than traditional banking systems, while 52% consider them a promising long-term investment.
However, the survey also reveals that not all respondents share this optimism.
Approximately 29% remain uncertain about the future of cryptocurrencies, reflecting ongoing skepticism fueled by myths and misconceptions about the technology.
Middle-aged Adults Have Highest Confidence In Potential Of Digital Assets
The survey provides insights into how different age groups perceive cryptocurrencies. Middle-aged adults, particularly those between 45 and 60 years old (Gen X), exhibit the highest confidence in the future potential of digital assets.
A notable 63% of Gen X respondents believe in the practical use cases of cryptocurrencies. This confidence may stem from their experiences navigating significant economic crises, such as the 2008 financial meltdown and the COVID-19 pandemic, which eroded trust in traditional financial systems.
In contrast, younger generations, including Gen Z (ages 18–29), show lower levels of trust in cryptocurrencies. Only 32% of this age group recognize digital currencies as having practical uses, possibly due to their limited experience and knowledge of the technology.
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Survey Reveals Misconceptions Around Crypto Still Persist
Despite increasing acceptance, misconceptions about cryptocurrencies persist.
The survey found that 60% of Americans believe that cryptocurrencies are primarily used for illegal activities.
However, a study by Chainalysis reported that only 0.34% of crypto transactions in 2024 were linked to illicit activities.
Furthermore, cash remains the primary tool for criminal enterprises, highlighting the need for better public education about the legitimate uses of cryptocurrencies
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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