73% of crypto holders plan to reinvest in 2025

A recent Kraken survey shows that attitudes towards crypto are changing; 55% of Americans believe crypto assets have real-world uses, and 73% plan to reinvest in 2025.

A survey of 2,537 Americans by major crypto exchange Kraken found that 55% believe crypto has real-world uses, whether they own crypto or not. However, approximately 29% still experience uncertainty about the future.

Despite this uncertainty, nearly 73% of respondents who currently own crypto admitted that they plan to continue investing in digital assets as we enter the new year 2025. Up to 43% think cryptocurrency is “safer than the traditional financial system.” ” Compared to the other 30% who disagreed. 52% see it as a promising investment in the long term.

The survey explores how much “crypto myths” still shape people’s perceptions of crypto investing and whether attitudes are changing.

One of the most common myths is the belief that cryptocurrency is mostly used to facilitate criminal activities. Kraken’s survey found that 60 percent of respondents still think cryptocurrency fuels illegal activity more than other assets. Although research tells a different story.

According to the Chainaliz Crypto Crime 2024 report, only a small portion of crypto-based transactions in 2024, around 0.34%, were found to be linked to criminal activity. In fact, a study by Crypto ISAC showed that cash is still the preferred tool for criminals engaging in illegal activities.

On the other hand, only 8% of survey participants believe that cryptocurrency is similar to a pyramid scheme. A Ponzi scheme is a method of investment fraud that uses funds from new inventors to pay existing investors. Meanwhile, 53% of survey respondents believe that negative attitudes towards crypto stem from ignorance and lack of understanding, highlighting the importance of crypto education for the wider public.

Generation X has the most trust in crypto

Data from the Kraken survey shows that the age group most trusting in crypto is Generation X. According to survey results, 63% of people between the ages of 45 and 60 see crypto as a practical investment.

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Generation X is also the generation that brought in the Cypherpunk movement, meaning they have experience dealing with both traditional finance and the rise of crypto. This different perspective can help them contextualize the practical value of crypto.

On the other hand, Generation Z seems to have the least confidence in crypto. Only 32% of respondents ages 18 to 29 believe cryptocurrency has practical uses in the real world. This may indicate that young investors are still dealing with the complexities of cryptocurrency and the uncertainty surrounding it.