A recent Kraken survey revealed that 73% of current cryptocurrency holders in the US plan to reinvest in digital assets in 2025.
Kraken’s survey, published on December 12, 2024, which included 2,537 Americans, revealed a promising future for the cryptocurrency market in the United States.
Study: Kraken poll revealed that 73% of Americans #encryption Holders plan to reinvest in 2025, reflecting growing confidence in cryptocurrencies. pic.twitter.com/wIM0s59SFJ
– Phil Endablank (@Phil_Endablank) December 13, 2024
43% of cryptocurrency holders believe cryptocurrencies are safer than traditional banking
The Kraken survey highlighted that more than half of respondents (55%) believe that cryptocurrencies have practical, real-world applications.
According to the company, the sentiment is not limited to existing cryptocurrency holders but extends to a broader audience, indicating a growing recognition of digital assets as legitimate financial instruments.
Furthermore, 43% of respondents view cryptocurrencies as safer than traditional banking systems, while 52% consider them a promising long-term investment.
However, the survey also reveals that not all survey respondents share this optimism.
Nearly 29% remain unsure about the future of cryptocurrencies, reflecting ongoing doubts fueled by myths and misconceptions about the technology.
Middle-aged adults have high confidence in the potential of digital assets
The survey provides insight into how different age groups perceive cryptocurrencies. Middle-aged adults, especially those between the ages of 45 and 60 (Generation X), show the highest confidence in the future potential of digital assets.
63% of Generation X respondents believe in practical use cases for cryptocurrencies. This confidence may stem from their experiences navigating major economic crises, such as the 2008 financial collapse and the coronavirus disease 2019 (COVID-19) pandemic, which have eroded trust in traditional financial systems.
In contrast, younger generations, including Generation Z (ages 18-29), show lower levels of trust in cryptocurrencies. Only 32% of this age group realize that cryptocurrencies have practical uses, perhaps due to their limited experience and knowledge of the technology.
Exploration: Quantoz launches stablecoins EURQ and USDQ: Tether, Kraken and Fabric Ventures launch again
The survey reveals that misconceptions about cryptocurrencies persist
Despite growing acceptance, misconceptions about cryptocurrencies persist.
The survey found that 60% of Americans believe cryptocurrencies are primarily used for illegal activities.
However, a study by Chainasis reported that only 0.34% of cryptocurrency transactions in 2024 were related to illicit activities.
Furthermore, cash remains the primary tool for criminal enterprises, highlighting the need for better public education about the legitimate uses of cryptocurrencies.
Discover: UK still CNWE’s largest cryptocurrency economy at $217 billion, Chaina Analysis finds
The post 63% of Gen