Bitcoin is the most popular crypto in North America

Bitcoin( BTC) has always been the leader of the cryptocurrency global market but it seems that it has gained maximum popularity in North America.

Crypto trading in North America.

The Chainalysis report states that in terms of investment strategy when it comes to North Americans, “the first thing we see from the data is that North American investors disproportionately favor Bitcoin.

It is reported that holders of cryptocurrency in North America follow the “buy and hold“ model, while investors from East Asia prefer to trade their digital assets more often.

Bitcoin is a crypto-market leader.

No matter what region of the world we take, BTC is the most popular cryptocurrency, with a market capitalization of 11,800 billion us dollars at the time of writing. After several months of decline, Bitcoin recently hit the headlines around the world due to a solid bullish growth, breaking the $ 12,000 mark and reaching an all-time high in 2020. Market experts were quick to comment on the surge of the bitcoin, saying that the rapid movement should not be surprising, and we should expect further growth of BTC.

Many industry experts seem to think that Bitcoin’s reaching the $ 10,000 mark after months of inactivity is just anticipation of the next bullish move, as the dollar is currently weakening due to the Federal reserve massively printing banknotes to ease stimulus.

Co-founder of the Gemini crypto exchange and active defender of BTC, Cameron Winklevoss, said that these days “ giving up bitcoin would be a worse investment decision than not investing in Amazon.

High risk – high return.

Gold was the next asset to grow along with the recent surge of BTC in the market. JP Morgan Chase commented on this market phenomenon and observed that older investors seem to prefer gold collateral, while younger investors and Millennials prefer cryptocurrency and technology company stocks. Strategists at JP Morgan Chase noted that people born between 1946 and 1960 tended to invest in gold because it is considered a safe haven asset.

On the other hand, investments in technology and cryptocurrency are associated with higher risks, as evidenced by the volatility of PTS in the crypto market. DeVere Group CEO Nigel Graeme seems to believe that Bitcoin will potentially knock gold out of its long-standing position as a safe asset.

The founder of a financial consulting firm backed up his statement, pointing out that the trading market “grew along with gold, due to tensions between the US and China.“ Other crypto experts viewed the decline in the US dollar as an indicator that bitcoin assets are gaining popularity as an alternative investment.

In light of the pandemic, the US is conducting stimulus checks as part of its economic aid Protocol, and in the past it has been seen that many of these funds have been diverted to investment in crypto assets.