Survey finds 68% of millionaires in the US own crypto | Ethereum, Bitcoin and meme coins like Shiba Inu and Dogecoin are popular investments
It's no secret that super rich tech celebrities like Elon Musk and Tim Cook invest parts of their billions of dollars in crypto. Readers of our crypto news are probably well aware that the Tesla CEO in particular is very adamant in publicly promoting his crypto assets like Dogecoin on Twitter. However, a new survey has now found that even regular wealthy people in the US are invested in crypto.
According to the survey results published on the investment website The Motley Fool, approximately 68% of Americans with a net worth of over US$1 million have put money in cryptocurrencies. This amounts to roughly 4.7 million people who mostly invest in crypto because they believe it will generate strong returns. 61% also believe in the concept of cryptocurrencies, while 60% think that it's a safe store of value. There are also a few surprises regarding the most popular cryptocurrencies among this specific group of crypto investors.
It is not particularly unexpected that 60% of these crypto-investing millionaires in the US hold Bitcoin, while 55% own Ethereum. But it is rather surprising that 86% have also invested in at least one meme coin like Shiba Inu or Dogecoin, whose volatile price developments have been covered in some of our recent crypto news articles. The survey found that almost half of these millionaire crypto investors own Dogecoin, while one third holds the competing Shiba Inu Coin (hardware wallet from US$59 on Amazon).
This article is for informational purposes only and does not contain any kind of investment advice.