If this doesn’t make you bullish for the future, nothing will. Covered: Recent Data Indicates Investors Prefer Crypto To Stocks Investment Thesis Points To Crypto As Safe Haven Recent Poll Showing Investors Preferring Crypto To Stocks While the market may seem bleak, there is reason to be optimistic. A poll from Civic Science indicates that […] The post Study Shows Nearly 25% of Investors Dumping Stocks for Crypto appeared first on CryptosRus.

Study Shows Nearly 25% of Investors Dumping Stocks for Crypto

If this doesn’t make you bullish for the future, nothing will.

Covered:

  • Recent Data Indicates Investors Prefer Crypto To Stocks
  • Investment Thesis Points To Crypto As Safe Haven

Recent Poll Showing Investors Preferring Crypto To Stocks

While the market may seem bleak, there is reason to be optimistic. A poll from Civic Science indicates that nearly 25% of investors surveyed were dumping their stocks for crypto. Five thousand five hundred sixty respondents to the survey, conducted between 11/11/2021 and 12/03/2021, were asked, “Have you, or has someone you know, sold any stocks or bonds to buy cryptocurrency?”

“The data shows that over one-fifth of investors have sold more than half of their stock assets in order to buy cryptocurrency – a shockingly significant number.” Zack Butovich, Civic Science

The answer was surprising. 23% indicated either they had sold their stocks to buy crypto or they knew someone else who did. But that is not the most interesting piece of the study.

As you can see below, those who said they followed the financial markets and economy “very closely” were the most likely to have dumped their stocks for crypto. Those who followed markets least closely were those who were least likely to have done so.

That is to say, the most serious investors were more than 3 times more likely to have dumped their stocks for crypto than the least serious investors.

Another insightful piece of data from the study, in light of new record inflation prints, is that out of 20,038 responses to a question asking, “why they invest in crypto?” the answer “a hedge against adverse economic conditions” spiked drastically in the last month.

Recommended: Gallup Poll Says 6 Percent Of Americans Own Bitcoin

These respondents were polled each month, and from June to December 6th, the reason for investment “as a hedge against economic conditions” went up nearly 100%, from 9% to 16%.

Crypto Is A Safe Haven

That data indicates investors actually see crypto as a safe haven, even though it’s widely considered by ‘financial experts’ as speculative junk. This result bodes well considering the perilous conditions of the stock and corporate debt market — which have been propped up with trillions of dollars since 2020. If we are to extrapolate from the study, then crypto should be going much higher, very soon.

All that said, one thing is clear from looking at all the data in the study; every metric is trending towards the adoption of crypto by the masses. As an example, when respondents were asked whether they preferred stocks or crypto, the answer of ‘crypto’ skyrocketed 140%, while the answer ‘stocks’ went down 15% in a period from June to November.

That piece of data is arguably the most compelling because Bitcoin went through a mini bear market from June to November, when the study was conducted. In fact, in June, BTC hit $30,000 and was only at $41,000 by the end of September. So this massive trend towards crypto preference in the data is not a function of “FOMO”, in fact, it’s the opposite as those 5 months were the worst time for crypto in all of 2021.  

The study finishes by predicting that “broad acceptance by the general population is only a short time away.” I agree. What one could perhaps take away from this study is that no matter the volatility, tweets, or FUD, the numbers display an insatiable appetite for an alternative to the fiat system. If it was just about making a quick buck, the data wouldn’t show a constant uptrend in adoption, (because of volatility), but it does. 

This means that crypto holders are looking to the future, as they should. And right now, when the market is down, your thinking should be no different. With fixed income (bond markets) still tying up trillions of dollars, yielding negative returns from holding worthless treasury notes and junk debt, you must realize…we are still early.

Why hold crumbling debt when you can hold crypto? This makes too much sense to ignore, even for the most conservative investor. 

Recommended: Data Shows Stocks Historically Overvalued: What Does This Mean For Crypto?

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