Study: 40% of young Americans invest in cryptocurrencies

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The Bakkt platform surveyed more than 2,000 US citizens to find out if they are investing in cryptocurrencies and what difficulties they face in doing so.

According to the report, 40% of those surveyed are between the ages of 18 and 29, 29% are between the ages of 30 and 44, and 27% are investing in digital assets between the ages of 45 and 60. US citizens over 60 show little or no interest in cryptocurrencies and are not going to invest in them (3%).

The report says that men are more educated in the cryptocurrency space. Thus, 46% of women believed that the only way to invest in bitcoin is to pay the full value of the asset, while 37% of the respondents expressed this opinion among men.

At the same time, 58% of respondents reported that they are ready to invest in cryptocurrencies for a long time, and 43% planned to sell cryptoassets as soon as they can make a profit. Of those surveyed, only 5% invested more than $ 1,000 – 28% bought cryptocurrency for $ 200 or less.

The most common reasons for refusal to invest in cryptocurrencies were too high volatility (32%) and lack of knowledge in which crypto asset is better to invest (24%). However, 32% of those who have not invested in cryptocurrencies said they are ready to invest within the next six months.

According to a recent study by BrokerChooser, the United States ranks second in the ranking of countries in terms of the number of investors in cryptocurrencies – 27.4 million. India is in first place (100 million), and Russia is in third (17.4 million).

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