Exploring Liteverse.io: The first NFT marketplace on the Litecoin network with my first collection dedicated to the Mighty Mia Event #dancingforjoy + Quick Sign up and funding tutorial

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As one true OG  Litecoin   enthusiast, I wanted to test the site, or better, the NFT marketplace  Liteverse.io  since its launch in 2022. At first, I claimed Litecoin Summit collectors NFT. But, for several reasons, the test of minting my first NFT got a bit delayed. But now I finally have the time and the need to make use of it for a larger cause. I am sad I procrastinated a little. As it would have been a great honor to be the first one to give it a try, but given my lack of technical skills to use just code to mint outside of a marketplace, waiting was a great idea since the site is super user-friendly and it's quality has improved considerably. I would say Liteverse.io is ready for the mainstream. Minting on it or acquiring an NFT on the Litecoin network is now a Piece of cake! In this article I will describe my experience, the reason why my first series of NFTs was created, and most importantly the advantages and disadvantages of creating an nft (Non-fungible To...
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What are Americans Invested In?

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As a blockchain enthusiast and long term crypto investor, I am always fascinated by how fast the market cap of Bitcoin and other cryptocurrencies has grown over the last decade. According to Prnewswire.com, in 2019 6% of the American population was invested in Bitcoin. And by 2020 a new survey published by Harris Poll in early 2020 estimated that the percentage had increased significantly to 11% of Americans. To give some perspective I wanted to compare this ratio to other assets such as gold, silver, stocks, 401k, and real state to understand what Americans are heavily investing in. Over time the trends change, and I plan to check if there are any major fluctuations to this number in the next few years. If all goes well this will be an interesting experiment for me and for those who follow my blog. So let's get to the numbers!

Bitcoin

Bitcoin may be the under-dog and is hardly mentioned by the media outlets. But contrary to skepticism beliefs, the percentage of Americans who are invested in Bitcoin continues to grow exponentially since its inception a decade ago. According to a 2020 survey conducted by Harris Pool and recently published by cointelegraph.com it is estimated that 11 percent of Americans own Bitcoin. That is quite a large percentage, especially when comparing with the number of American people invested in precious metals. 

Gold

Research conducted by Gold IRA guide concluded that 12% of the American Population is invested in Gold. The research was published in October 2019 and received 1,500 US responses about precious metals ownership. The research used google surveys and targeted males and females between the ages of 18 to 65+ from coast to coast. The data also included results for silver ownership, which is provided below.

Silver

According to the same survey conducted by the Gold IRA Guide, and published in October 2019. Silver ownership percentage in America is above the Gold rate ownership with 14.7% of interviewed Americans claiming to own Silver. 

Stocks 

According to Forbes.com stock ownership was at its peak in 2002 when 67% of Americans claimed they were invested. But, the figure mentioned above has dropped drastically. In 2020 that number dropped to 55%, according to a recent survey conducted by Gallup

401K

Forbes recently published a report by statista.com in 2020, claiming that 50 million Americans participate in a 401K program. Out of 328 million people in the USA, only 15% percent of Americans have invested in a 401K

Real State

Homeownership is the pride investment of Americans and most of the population strives to own real state. Some simply to spend a lifetime on, and others as a form of income. According to the report provided by statista.com, 65.1% of Americans have reached their homeownership dream. More than half of the population is invested in the real state market. Also note that, according to the statista.com report, the current percentage of 65.1% has only started to increase in the past few years, after a steady decrease since its peak in 2004 of 69.4%.


In Conclusion,

Currently, in the US real state is the class in which Americans are most invested in with a little over 65 percent of the American population owning real state. Stocks are next with a fairly large percentage of the population heavily invested in corporate assets. All the other asset classes mentioned in this article, Bitcoin, Gold, Silver, and 401k retirement plan fall on or below the 15% margin of the population. The difference between the percentage of people invested in gold and bitcoin is only 1% with Bitcoin being the least invested on an asset at an 11% margin. However, Bitcoin in the last year alone has had a hefty increase close to doubling its investor population from 6% to 11% in one year. That is something to watch for as the underdog continues to trend. 

All my best,

Michelle M.

www.mammycrypto.com

Link List: https://cointr.ee/mammycrypto







Article Resources:

1. 11% of Americans Own Bitcoin, Major Awareness Increased Since 2017

https://cointelegraph.com/news/11-of-americans-own-bitcoin-major-awareness-increased-since-2017

2. Homeownership rate in the United States from 1990 to 2019

https://www.statista.com/statistics/184902/homeownership-rate-in-the-us-since-2003/
3. 12% of The American Population Owns Gold, While 14.7% Owns Silver, According to A New Survey

https://goldiraguide.org/12-of-the-american-population-owns-gold-while-14-7-owns-silver-according-to-a-new-survey/

4. Most Americans Don’t Have A Real Stake In The Stock Market

https://www.forbes.com/sites/teresaghilarducci/2020/08/31/most-americans-dont-have-a-real-stake-in-the-stock-market/?sh=46dcd25c1154

5. Report: A Quarter Of Americans Have No Retirement Savings -

https://www.forbes.com/sites/niallmccarthy/2019/06/03/report-a-quarter-of-americans-have-no-retirement-savings-infographic/?sh=45a15ea83ebf





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Disclaimer

My opinions are simply my opinions and not investment advice. I strongly recommend everyone investing or looking to earn or acquire cryptocurrencies to do their own research and get very educated about risks and security before acquiring, earning or investing. The content in this blog/ website is not investment advice. Please note that this web site also features sponsored content and referral affiliate links. Which means that when you click on some links and sign up for a product or service I may receive I small commission or credit for the referral. Most the the links also will give you an invite incentive that most often you would not receive if you do not use a referral invite link.

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