BitcoinIRA Survey Reveals Investors Bullish on Crypto

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New Crypto Outlook Survey Captures US Enthusiasm for Cryptocurrency Despite Challenges

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

BitcoinIRA survey reports bullish retreat sentiment for cryptocurrencies.

In summary, the survey revealed that investor sentiment remains bullish on digital assets despite volatility in the stock and market events. Crypto investors are widely speculating on rising prices and continue to bet on crypto to hedge against inflation and rising social security concerns. More than half see crypto as a legitimate and pioneering asset class, and more than half agree that crypto regulation makes digital investments more attractive.

Key takeaways about crypto sentiment include:

Excitement factor: 72% of respondents would suggest their family or friends buy cryptocurrency. 32% say they look forward to traditional financial institutions embracing digital assets in the future and 30% are excited about crypto IRAs. Digital Asset Outlook: 51% of respondents believe crypto is a legitimate and pioneering asset class and 56% agree that Bitcoin is an inflation hedge. Bullish on regulation: 54% of respondents agree that crypto regulation makes digital investments more attractive. Saving for retirement: 51% of survey respondents plan to invest in cryptocurrency as part of their retirement portfolio, while 27% have already invested.

Key takeaways on why to invest and crypto price projections include:

Motivation for investing in crypto: Respondents are interested in crypto because they speculate that prices will rise (59%), they want to diversify their portfolios (43%), catch up on retirement (36%), and avoid inflation (23%). among other reasons. 25% fear that social security will run out, a 59% increase from the May 2022 BitcoinIRA survey. Bitcoin Price Prediction: 48% of respondents believe Bitcoin price will be $25,000 at $49,000 at its 2023 high, and 21% believe it will be $50,000-$75,000 (all-time high). Reflecting the crypto markets, the price projections have declined since the company’s last survey. Bitcoin Remains King: 69% of respondents select Bitcoin as their top crypto choice. Ethereum was the most requested altcoin for crypto investing (18%). Alternative coins exclude Bitcoin.

“Although the crypto community has been tested by recent events, investors have renewed enthusiasm for digital assets,” said Chris Kline, co-founder and chief revenue officer of BitcoinIRA. “Americans believe that tighter crypto regulations will benefit us. Crypto investors continue to view digital assets as a key instrument for retirement portfolio diversification, as well as a hedge against inflation and rising concerns. regarding Social Security. BitcoinIRA is excited to be part of the solution for Americans looking for alternative assets for their savings.”

Methodology

The Crypto Outlook Survey was sent out in February 2023 to a random group of individuals. 445 respondents participated. Individuals did not receive compensation or the same for their participation in the survey.

People 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 first and most trusted* digital asset IRA technology platform that allows users to purchase cryptocurrency for their self-directed retirement accounts.

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

BitcoinIRA is a financial services technology provider and as such is not a financial advisor, cryptocurrency exchange, custodian, wallet provider, initial coin offering (ICO) or transmitter silver. 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 carry a high degree of risk. See risk information at bitcoinira.com/disclosures.

Media contact: [email protected]

SOURCE Bitcoin IRA

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