Nearly 2 million UK residents own Bitcoin and other cryptocurrencies

avatar

image.png
Source

In the UK, 1.9 million people—3.86% of its population—currently hold Bitcoin and other cryptocurrencies, according to research from the UK’s financial regulator, the Financial Conduct Authority (FCA).

The numbers are rising year in year out. There is an increase cryptocurrency exposure mostly Bitcoin from 42% in 2019 to 73% in 2020 in UK. And interestingly most are in for the long term, HODLing for over three years.
Every increment of new comers to crypto is growth towards adoption and when people begin to HODL for long term it is a sign of believing in the future of cryptocurrencies.

image.png
Source

It appears 3 years and above are targets for crypto HODLers with 5 to 10 years being most common time HODLing duration people are willing to put in the wait. Likewise on Hive here some of the long term players are willing to put in the 5 to 10 years wait.
Further read: Nearly 2 million UK residents own Bitcoin and other cryptocurrencies

The crypto virus is spreading and in this case vaccines won't be a solution to stop the spread. The more people wake up and start accumulating cryptocurrencies the better equipped to protect their funds from central authorities.
We've got to stacking up!

We owe it to ourselves to make Hive great



0
0
0.000
4 comments
avatar

I'd be interested to see the demographics. My guess is the vast majority of people holding crypto in the UK will be under 30 and probably won't have much in the way of liquid capital to have invested in the first place. Still good news. History tells us that once a new technology gains 1% market share and continues to grow then it is almost inevitable that it will become a dominant player. Seems like crypto in the UK ticks both those boxes

0
0
0.000
avatar

I'd like to believe mostly millennials are the ones accumulating Bitcoin/Cryptocurrencies with having to work and pay off debt, fiat losing amongst other factors people will soon be gravitating towards crypto.

0
0
0.000
avatar

It is the adoption that is taking place slowly but surely.

0
0
0.000
avatar

It is, for us that have been sticking around for quite some time now it might seem slow but there is growth compare to 2-3 years back.

0
0
0.000