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Crypto Retail Market Is Poised for a Rebound: Gemini

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Will Canny is a finance reporter at CoinDesk.n

The majority of crypto owners said they wanted to allocate 5% or more to digital assets, the survey said.

The report was based on a survey of 6,000 people in the U.S., U.K., France, Singapore and Turkey, and was carried out online from May 23 to June 28 this year. Almost two-thirds of those surveyed said they held crypto for its long-term investment potential, and 38% said they held the asset class as a hedge against inflation, Gemini said.

Spot exchange-traded funds have brought growth to the market, with 37% of holders in the U.S. saying they held some crypto via an ETF.

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