Gemini’s “2024 Global State of Crypto Report” highlights sustained crypto adoption across the US, UK, Singapore, and France, showcasing resilience despite a sharp decline in market values in 2022. The report signals growth potential, with over 70% of previous owners considering re-entry and 65% of current investors committed to long-term strategies. Notably, despite a substantial dip in the total market cap of the top 100 cryptocurrencies, optimism prevails, with 57% of investors ready to make crypto a major component of their portfolios.

The sentiment towards future crypto prices remains positive, with 62.5% of respondents expecting increases in Bitcoin and Ethereum over the next five years, and 55% more bullish about 2024 compared to the previous crypto winter. The belief in widespread crypto acceptance by companies in the coming decade further underscores the bullish outlook, shared by 60% of those surveyed.

While selling has decreased, indicating a shift towards holding, active trading continues robustly in major markets, driven by various motivations including inflation hedging. In the US, crypto has gained prominence as a campaign issue in the presidential election, influencing the voting decisions of 73% of crypto-owning respondents, highlighting its growing impact in political arenas.

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