BitcoinIRA Survey Finds Investors Bullish on Crypto

New crypto outlook survey captures american enthusiasm for cryptocurrency despite challenges

LOS ANGELES, 27 April 2023 /PRNewswire/ — BitcoinIRA, the world’s first and most trusted* digital asset IRA technology platform, today released the results of their new survey participants on their investment preferences and market outlook cryptocurrency.

In sum, the survey found that investor sentiment remains positive on digital assets despite volatile market actions and events. Crypto investors are largely speculating that prices will rise, and keep on knocking crypto to protect against inflation and increasing social security concerns. More than half see crypto as a legitimate and cutting-edge asset class, and more than half agree crypto regulation makes digital investments more attractive.

Important takeaways on crypto sentiment includes:

• Voltage factor: 72% of respondents would suggest family or friends to buy cryptocurrency. 32% report that they look forward to traditional financial institutions adopting digital assets in the future, and 30% are excited about crypto IRAs.
• Digital Asset Outlook:51% of respondents think so crypto is a legitimate and cutting-edge asset class, and 56% agree Bitcoin is a hedge against inflation.
• Bullish on regulation : 54% of respondents agree with it crypto regulation makes digital investments more attractive.
• Saving for retirement: 51% of the survey respondents are considering investing in cryptocurrency as part of their pension portfolio, while 27% have already invested.

Important takeaways on reasons to invest and crypto price estimates include:

• Motivation for Crypto Investment: Respondents are interested in crypto because they speculate that prices will go up (59%), want to diversify their portfolios (43%), catch up on retirement (36%) and avoid inflation (23%), among others. 25% are worried about running out of social security, a 59% increase over BitcoinIRA May 2022 examination.
• Bitcoinits price prediction: 48% of respondents think so Bitcoinits price will be $25,000 – $49,000 at its highest in 2023, and 21% believe it will be $50,000 – $75,000 (all-time high). Reflects crypto markets, the price estimates have been reduced since the company’s last survey.
• Bitcoin Remains King:69% of respondents choose Bitcoin as their peak crypto choice. Ethereum was number 1 most requested altcoin to crypto invest (18%). Alternative coins exclude Bitcoin.

“Although crypto society has been tested by recent events, investors have a renewed enthusiasm for digital assets,” said Chris Kline, co-founder and Chief Revenue Officer of BitcoinIRA. “The Americans believe that strengthening crypto regulations benefit us. Crypto investors continue to see digital assets as a key instrument in retirement portfolio diversification, as well as a hedge against inflation and growing concerns about social security. BitcoinIRA is excited to be part of the solution for Americans seeking alternative assets for their savings.”

Methodology

The crypto prospect survey was submitted February 2023 to a randomized group of individuals. 445 respondents participated. Individuals did not receive compensation or the equivalent for their participation in the survey.

Individuals interested in adding cryptocurrencies to their IRA or 401(k) can visit www.bitcoinira.com or call 866-333-4307.

About BitcoinIRA

BitcoinIRA, available at bitcoinira.com, is the world’s first and most trusted* digital asset IRA technology platform that allows users to purchase cryptocurrencies for their self-directed retirement accounts.

Users can set up a qualified digital asset IRA, transfer funds from an existing IRA custodian, execute self-trades in real-time 24/7 through a US-based exchange, and store funds in an industry-leading multi-signature digital wallet from BitGo.* BitcoinIRA has processed billions in transactions and has over 170,000 users with more than 3,500 5-star user reviews. The platform has been featured widely in the media, with coverage in Forbes, CNBC, CoinDesk and The Wall Street Journal, among other leading publications.

BitcoinIRA is a technology provider of financial services, and as such is not a financial advisor, cryptocurrency exchange, custodian, wallet provider, initial coin offering (ICO) or money transmitter. BitcoinIRA is privately funded and based in Las Vegas.

Learn more about BitcoinIRA at bitcoinira.com or call 866-333-4307.

*Cryptocurrencies are highly speculative and involve a high degree of risk. See risk disclosures at bitcoinira.com/disclosures.

Media contact: [email protected]

SOURCE Bitcoin IRA