25% of US Adults Plan to Start Investing in Crypto, Survey Shows – Featured Bitcoin News

According to a U.S. survey, 25% of those who don’t own crypto plan on investing. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.”

‘2021 Was a Good Year for Crypto’

Cryptocurrency exchange Huobi released a report titled “Crypto Perception Report 2022” Thursday. The report includes “an in-depth survey to learn how the average person views cryptocurrencies, their thoughts on emerging trends, and if they plan on investing in the space in the future,” the company detailed.

There were 3,144 U.S. adults 18-plus who participated in the survey. 47% of them were men.

“The crypto industry has seen mainstream growth in 2021, but it’s still a niche topic among most people,” the report describes, elaborating:

The year 2021 was good for crypto. Over half the people who have crypto reported having just begun investing within the last 12 months.

According to the results, “47% of respondents say that they don’t own crypto and don’t plan to” and “about 28% of respondents indicate that they currently do own crypto.” The report adds:

25% say that while they don’t own crypto at the moment, they plan to in the future, indicating that they remain curious about the emerging field.

When asked how they feel about the future of the crypto industry, 42% said they are ambivalent and do not know much about it, while 23% said they’re not confident and think “it’s all a scam/bubble and going to collapse.” Meanwhile, 19% think the crypto industry will transform the definition of money and 16% think it will grow, but not by much.

25% of US Adults Plan to Start Investing in Crypto, Survey Shows

As for the reasons for investing in cryptocurrency, 40% chose “longer investment potential” as the answer, 27% picked “general interest,” and 18% said “short-term investment potential.”

Meanwhile, the sectors that crypto investors believe to be the most promising are non-fungible tokens (NFTs) and decentralized finance (defi) — both were chosen by 37% of respondents. Third is the metaverse. This was chosen by 36%.

Let us know what you think of this survey. Comment below to let us know your opinions.

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. He is interested in Bitcoin security and open-source software, network effects, and the intersection of cryptography and economics.

Image creditShutterstock. Pixabay. Wiki Commons

DisclaimerThis information is provided for educational purposes only. It does not constitute an offer, solicitation, or recommendation of any company, products or services. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.

Get more Crypto News at CFX Magazine