More Than 50% of Americans Sell Gold & Stock Buy Crypto

According to a new survey from ChainPlay and StoribleCrypto is gradually becoming an integral part of Americans' investment portfolios, with 70% of the population now owning crypto.

The survey, conducted on 1,428 people, shows that crypto is not only appealing to young people, but is also becoming a popular investment channel for all ages.

Notably, Donald Trump's victory in the last election sparked a wave of strong investment, with 40% of Americans pouring more money into crypto immediately after the event. Of these, 84 percent were first-time investors, demonstrating that political factors can have a major impact on market sentiment and drive capital flows into digital assets.

Not only influenced by politics, investment trends in the US are also undergoing a marked shift. More 52%Survey participants said they sold stocks or gold to buy Bitcoin, while 20 percent allocated more than 30 percent of their total assets to crypto.

This reflects investors' growing confidence in the future of crypto, especially Bitcoin, amid a backdrop that traditional financial markets are facing a lot of uncertainty.

This optimism is also reflected in investors' growth expectations. According to a report by ChainPlay, 60% of those surveyed believe they will double their crypto holdings by 2025, indicating strong confidence in the long-term development of the digital asset market.

The survey also showed a change in the demographic characteristics of crypto investors. Gen Z led the investment wave, with the average age to start buying crypto at 22. Millennials follow, with an average age of 29, while Baby Boomers typically start investing around age 50.

This suggests that younger generations are becoming more comfortable with digital assets, while older generations are gradually approaching this market more cautiously.

However, in addition to strong growth, crypto also carries many worrying risks. The FBI warns that crypto-related scams are on the rise rapidly, with total losses of up to $5.6 billion in 2023, up 45 percent from the previous year.

Of these, 71% of losses ($3.96 billion) came from investment scams, reflecting the risks investors face when entering the market.

Even so, the sharp increase in the number of crypto owners, coupled with the shift of capital flows from traditional investment channels such as stocks and gold to Bitcoin, marks a major turning point in how Americans approach digital assets.

With drastic changes in policy and markets, crypto could continue to be an important part of Americans' financial strategy in the future.