Majority of Bitcoin Investors Are First-Timers in 2021

A Bloomberg article notes that crypto investment firm Grayscale Investments, LLC, which holds the largest bitcoin fund, surveyed 1,000 people who invested in bitcoin within the last 12 months. About 55% of them just started investing in the leading cryptocurrency this year.

Increased interest in other digital assets like non-fungible tokens (NFTs) is also feeding into more interest in cryptocurrencies. New investors, however, are realizing just how volatile this new asset class can be.

After hitting an all-time high of close to $70,000 during the month of November, bitcoin recently plummeted to under $50,000 this past weekend. It has started to move higher again, but once again, this speaks to its heavy volatility.

“It is becoming increasingly difficult for investors to ignore Bitcoin as its price continues to rise,” the survey says.

Part of the content is taken from Yahoo.