More than two-thirds of American cryptocurrency investors started buying digital currency only in 2021. These are the results of a survey conducted by the Huobi crypto exchange.
The company tried to assess the general knowledge of the respondents about digital currencies and the crypto market. The survey included 3,100 American adults. More than 70% of respondents started investing less than a year ago, another 21% have been buying cryptocurrency for two years in a row, and only 9% have been investing in digital assets for more than four years.
The authors of the study found that the majority of survey participants are in no hurry to invest significant amounts in virtual currencies. About 46% said that they hold up to $ 1000 in this type of assets. Another 25% said they purchased digital currencies between $ 1,000 and $ 10,000.
More than 40% of respondents to Huobi’s survey are skeptical about cryptocurrencies and believe that investing in them is too risky for now. Another 34% are embarrassed that the market is poorly regulated. The remaining 24%, in their own words, do not have enough capital to invest in digital assets.
“The past year has been very important for cryptocurrencies thanks to the development of non-fungible tokens and decentralized financial systems. However, it will take a long time before the cryptoindustry becomes commonplace for the average user, ”said Jeff May, director of global strategy at Huobi Group.
The founder of the consulting company Edelman Financial Engines Rick Edelman recently expressed the opinion that by the end of 2022 more than 33% of Americans will own one or another amount of bitcoins.
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