70% of US crypto holders started investing in 2021: Report

2 years ago

46% of respondents reported having $1,000 oregon little successful crypto, portion different 25% said they held betwixt $1,000 and $10,000.

 Report

The immense bulk of cryptocurrency owners successful the United States made the first-ever crypto investments conscionable wrong past year, according to a caller survey.

About 70% of crypto hodlers successful the U.S. started investing successful cryptocurrencies similar Bitcoin (BTC) successful 2021, according to the Crypto Perception Report 2022 by Huobi Group, the relation of large crypto speech Huobi.

The institution polled astir 3,100 U.S. adults successful mid-December 2021 to measure respondents’ cognition of crypto, what they deliberation astir the crypto marketplace emergence successful 2021 and more.

The survey recovered 68% of respondents got their archetypal crypto vulnerability wrong a year, portion different 21% of those started investing successful crypto up to 2 years ago. 12% of respondents made their archetypal crypto concern wrong 4 years, portion 9% began investing successful crypto much than 4 years ago.

Source: Huobi Group

According to the survey’s findings, respondents did not put excessively overmuch successful crypto though. 46% of pollees reported having $1,000 oregon little invested successful cryptocurrencies. Another 25% said that they held betwixt $1,000 and $10,000 worthy of crypto.

The survey besides suggested that there’s inactive a batch of skepticism astir the crypto industry, with 42% of respondents feeling it was excessively risky to put successful crypto. 34% of interviewees were besides acrophobic astir the deficiency of marketplace regulations, portion 24% of respondents noted that they didn’t person capable superior to put successful crypto.

Related: New survey reveals 83% of millennial millionaires present ain crypto

Huobi Group planetary strategy manager Jeff Mei said that 2021 was a large twelvemonth for crypto acknowledgment to the emergence of sectors similar decentralized concern and nonfungible tokens.

“However, we inactive person a agelong mode to spell earlier mainstream adoption volition happen. Once much radical instrumentality the clip to recognize the manufacture and there’s much clarity connected planetary regulations, we tin expect to spot a spike successful participation,” helium said.

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