Altcoin News: Study: 25 Million Americans Plan to Invest in Cryptocurrencies
August 19, 2019, by Marko Vidrih on ALTCOIN MAGAZINE
A new study by Nobl Insurance showed that the cryptocurrency market grew by 48% between 2018 and 2019 and will continue to expand over the next 12 months.
Researchers noted that by May 2019, 6.72 million new owners of crypto assets joined the market, and in general, the market grew by 48% over the past year. The report says:
“About 25 million Americans are considering buying crypto in the coming 12 months. 37% of cryptocurrency holders own over $5,000 USD of assets, and a further 8 percent hold over $50,000 USD in crypto.”
However, despite numerous hacker attacks, investors still do not take the proper precautions to protect their digital assets.
According to the study, only in 2018 as a result of the actions of criminals, crypto assets worth $1 billion were lost. Researchers also found that only 10% of investors store their cryptocurrencies in offline cold storage.
Thus, one of the main conclusions of Nobl was that the cryptocurrency market requires insurance to maintain its growth. The company statement said:
“Cryptocurrency investors are showing a strong demand for asset protection in the form of cryptocurrency insurance. But while some providers see the cryptocurrency insurance market as promising, many are wary of entering.”
The company is developing a new Nobl Crypto cryptocurrency insurance solution. The product promises to provide investors with insurance coverage of up to $50,000 when trading on exchanges.
Note that, according to a recent study of Paxful, 80% of Colombian are willing to invest in cryptocurrency. In addition, a Grayscale study found that 36% of Americans are willing to invest in Bitcoin.
Author: Marko Vidrih
