Nearly 50 Million Americans Own Bitcoin, NYDIG Estimates

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A survey compiled by the New York Digital Investment Group (NYDIG) estimated nearly 50 million of Americans currently own bitcoin. Interestingly, the majority of poll participants also noted that they would store their digital tokens at banks if they had such services.

Americans Own Bitcoin

Compiled earlier this year but shared just recently, NYDIG’s report outlined the rapidly growing adoption curve of bitcoin. The paper touched upon the surging prices since October 2020, which, somewhat expectedly, has caught the attention of the masses.

Moreover, many newcomers have entered the stage not only from the institutional world but retailer investors as well. Consequently, NYDIG partnered with SurveyMonkey and asked over 2,000 US citizens what are their views on the cryptocurrency industry and about their approach towards allocating funds in BTC or other digital assets.

The results were quite positive as both parties’ estimations “suggest that 46 million Americans own bitcoin today. That’s more than 22% of adults over the age of 18.”

Furthermore, the paper tried to establish a connection between bitcoin and banks. Although both are entirely different creations, with one trying to be the precise opposite of the other, many banking institutions have been more open-minded in terms of crypto adoption as of late.

Some US giants like JPMorgan, Morgan Stanley, Goldman Sachs, and BNY Mellon, have already announced plans to get involved in one way or the other.

Despite the differences, most participants claimed that they would trust their bank with the BTC holdings if it had Bitcoin storage.

US Citizens on Bitcoin and Banks. Source: NYDIG
US Citizens on Bitcoin and Banks. Source: NYDIG

Another 71% said they would change banks if their primary one refuses to add Bitcoin-related products, and 81% answered they would buy BTC through banks if possible.

NYDIG Appoints Bridgewater’s CFO

The crypto-oriented financial services company announced earlier this week that it had appointed John Dalby as its new Chief Financial Officer (CFO). What made this news particularly compelling was the fact that Dalby came directly from the world’s largest hedge fund – Bridgewater Associates.

Nevertheless, his appointment is yet another step in NYDIG’s expansion endeavors as the firm recently raised more than $300 million through a funding round that included Stone Ridge Holdings Group, Morgan Stanley, MassMutual, and more.

“Working on Bitcoin is increasingly what many of the best and brightest employees seek – including industry leaders like John – and NYDIG is uniquely positioned to offer them the platform, resources, and culture to shine, in pursuit of our collective mission to bring Bitcoin safely to everyone.” – said NYDIG Co-founder and CEO, Robert Gutmann.

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