54% users increased the allocation ratio of BTC in their portfolio

It is found that digital asset users’ share of BTC in their portfolio has increased compared to the same period last year.

In a recent Dove Wallet survey of 7,433 users worldwide, asked whether the bitcoin allocation ratio in the digital asset portfolio has increased compared to the same period last year, 54% responded that it has grown. On the other hand, 22% said their BTC allocation ratio has decreased, while 24% said no change in their portfolio.
Such survey results are expected to some extent considering the tremendous increase in value and positive market prospects of Bitcoin that have been continuing since last year. Besides, it can be said that this is a result of reflecting the trust in bitcoin as a reliable alternative investment asset as the institutional financial institutions begin to take part in BTC investment in earnest.

While the country-by-country results revealed very little difference, it is interesting to note that in developing countries such as Brazil, Egypt, India, and Algeria, the increase in users’ bitcoin allocation ratio was notably higher. Also, contrary to overall results, 44% of Korean users said there is no change in bitcoins’ allocation ratio in the portfolio. This result is somewhat conservative compared to other regions and can be interpreted that some of the propensity of Korean users who are also actively investing in other altcoins are reflected.