Nobl Insurance Research: Expected 25 Million Americans to Purchase Bitcoin in a Year’s Time

A research conducted by Nobl Insurance LLC back in May of 2019 concluded that 6.72 million new individuals joined the crypto sphere at that time, with this number expected to grow to 25 million in a year’s time reports Bitcoinist.

The study, which was conducted to better understand the potential the firm’s new insurance product has within the crypto sphere, also reported that nearly $1 billion is digital assets were lost in 2018. To see what measures of protection users have been implementing, it seems like a whole lot has none. That said, only 10 percent of holders have their assets held in cold storage.

The aforementioned finding led Nobl Insurance’s CEO, Brandon Brown to argue that more emphasis needs to be placed on insurance rather than figuring out crypto’s contributions to the gaming industry.

As per the Nobl team, its respective insurance plan insures USD50,000 of crypto coverage during one’s trading endeavors.

Some other interesting findings, as disclosed by Daily Hodl, include more users 35 years of age and more (44 percent), which is interesting, as millennials have previously been reported as being more open to this type of an asset. Interestingly, 37 percent of crypto holders have over USD$5,000 in crypto with the top 8 percent holding USD$50,000.

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