A recent survey conducted by the Pew Research Center estimated that 46% of U.S. cryptocurrency investors feel they are entering the market worse than expected. Only 15% admitted that their investments were more successful than initially thought.
The study further revealed that the share of U.S. crypto investors remained relatively unchanged compared to last September’s data. Despite Bitcoin’s all-time high in November and a bear market in the months that followed, there have been no major changes.
U.S. investors expect more
Research conducted in mid-July shows that nearly 50% of U.S. cryptocurrency holders believe their investments will not be where it is today. Thirty-one percent said they expected this outcome, while only 15 percent said their allocation was better than expected.
Despite major events in the industry, such as Bitcoin reaching a near all-time high of $70,000 in November and the ongoing bear market, the percentage of U.S. crypto investors hasn’t changed much since September .
About 16% of Americans who allocate some of their wealth across asset classes say their primary reason for doing so is because they are looking for alternative investment options. 75% believe that dealing with cryptocurrencies is a good way to make money, while 54% believe investing in bitcoin and altcoins is easier than investing in other products.
The average profile of the US cryptocurrency HODLer has not changed much either. 42% of men aged 18 to 29 have allocated funds in cryptocurrency. Instead, only 9 percent of women entered the market. It is worth mentioning that minorities, including Hispanics, blacks and Asians, are more active in the digital asset space.
Awareness of cryptocurrencies is very high. About 90% of participants had at least heard of the industry, while 26% said they had a good understanding of the matter.
American millennials and their attraction to cryptocurrencies
Speaking of young people investing some of their money in cryptocurrencies, it’s worth noting It’s millennials. Another survey conducted by Alto showed that 40% of Americans born between 1981 and 1996 own digital assets.
Also, most people who are not HODLers admit that they have been considering options in the near future. Eric Satz, founder and CEO of Alto, explained that the current macroeconomic situation is deterring some people willing to invest in cryptocurrencies. However, once the global economy starts to recover, things may change:
It is difficult to invest in the future as they are struggling to afford the present. “
Interestingly, a larger percentage of U.S. millennials are using digital assets to diversify their portfolios than investing in mutual funds.
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