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- According to a consumer poll conducted in the United States, 25% of those who do not presently possess cryptocurrency want to start investing in it.
- The study included 3,144 U.S. individuals aged 18 and above, with males accounting for 47% of those polled.
- “2021 was a great year for cryptocurrencies.” More than half of cryptocurrency owners are impressed by the growth and said that they had just recently begun investing in the market.
‘2021 Was a Good Year for Cryptocurrency’
Exchange of cryptocurrencies Huobi published the “Crypto Perception Report 2022” on Thursday. According to the firm, the research contains “an in-depth poll to uncover how the ordinary person sees cryptocurrencies, their perspectives on new trends, and if they plan on investing in the field in the future.”
The case study
The study included 3,144 U.S. individuals aged 18 and above, with males accounting for 47% of those polled.
“The crypto has seen mainstream growth in 2021, but it’s still a small subject among most people,” according to the research, 2021 used to be a great year for crypto. More than half of those who own cryptocurrency stated that they only began investing in the house in the previous year.
When asked how they feel about the future of the crypto sector, 42 percent stated they are unsure and don’t know much about it, while 23 percent are skeptical and believe”It’s all a ruse that will eventually fall apart.” Meanwhile, 19 % believe bitcoin will have an impact on how people think about money, while 16 percent believe it will grow but not much.
When asked why they were investing in cryptocurrencies, 40% stated it was for “longer investment potential,” 27% said it was for “general curiosity,” and 18% said it was for “short-term investment potential.”
Meanwhile, 37 percent of respondents identified non-fungible tokens (NFTs) and decentralized finance (defi) as the most promising industries for crypto investors. The metaverse was chosen as the third most promising sector by36% of respondents.
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Attempt to attract younger, more competitive investors
The advantage of cryptocurrencies is that it appeals to a broader range of investors, including people of color, women, and individuals with lower incomes, who have traditionally struggled to generate long-term wealth.
According to the NORC poll, women account for more than 40% of cryptocurrency traders compared to 38% of stock dealers.
People of color and those with lower incomes in the NORC poll were likewise more inclined to invest in bitcoin rather than equities. People of color account for 44 percent of cryptocurrency traders, compared to 35 percent of stockholders. Furthermore, 35 percent of bitcoin traders earn less than $60,000 per year, while just 27 percent of stock investors earn the same.