The Balance: The bearish trend did not prevent Americans from investing more in cryptocurrencies

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Analytical resource The Balance posted a report stating that 39% of US investors began to invest more in cryptocurrencies.

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According to the author of the report, these Americans are looking for new areas of investment to maintain their savings amid economic uncertainty.

At the same time, 41% of survey participants said that under the influence of market uncertainty they invest more in stocks, and about a third of them invest more in exchange-traded funds and exchange-traded funds. 34% of investors reported no change in their investment habits.

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Slightly more than a quarter of the investors surveyed admitted that they began to invest less in assets. Almost 20% of respondents admitted that this year they began to invest less in cryptocurrencies. The author of the report argues that investing in cryptocurrencies in times of uncertainty is more popular among young people.

Nearly half of millennials and Gen Z investors (aged 41 and younger) said they prefer crypto — as opposed to just under a third of Gen X and older investors. The online survey was conducted from June 30 to July 9, 2022, and surveyed 1,200 Americans over the age of 18 who are at least partially in control of their finances.

At the same time, according to data from Bank Of America, the number of active users of cryptocurrencies has decreased by more than 50% compared to the maximum value in November last year.

Source: Bits

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