Home Cryptocurrency News US Consumer Crypto Survey: Almost 50% Invested In Cryptocurrencies This Year – Featured Bitcoin News

US Consumer Crypto Survey: Almost 50% Invested In Cryptocurrencies This Year – Featured Bitcoin News

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A crypto survey of U.S. customers, commissioned by regulated crypto platform Bakkt, reveals that just about half of all respondents stated they invested in cryptocurrencies throughout the first half of the yr.

Practically Half of US Shoppers Invested in Crypto Throughout the Previous 6 Months, Research Exhibits

A survey commissioned by regulated digital asset platform Bakkt reveals that just about half of surveyed customers within the U.S. invested in cryptocurrencies previously six months this yr. Bakkt was launched in 2018 by Intercontinental Alternate, which operates over a dozen of the world’s most outstanding exchanges together with the New York Inventory Alternate (NYSE).

“Commissioned by Bakkt and performed over a web based survey instrument, we polled greater than 2,000 customers throughout the U.S. and was fielded in July 2021 … Information have been weighted for age, race, intercourse, training, and geography utilizing the Census Bureau’s American Neighborhood Survey to mirror the demographic composition of the US,” the survey report explains. Based on the outcomes launched Wednesday:

Practically half (48%) of U.S. customers reported investing cash in cryptocurrency throughout the first half of the yr.

“Of those that haven’t invested in cryptocurrency, 32% of respondents are excited by shopping for cryptocurrency within the subsequent six months,” the report notes.

US Consumer Crypto Survey: Almost 50% Invested in Cryptocurrencies This Year – Featured Bitcoin News
Quantity of cryptocurrency owned by respondents. Supply: Bakkt’s U.S. client crypto survey.

The survey additionally discovered that amongst those that have already bought cryptocurrencies, “58% view it as a long-term funding, whereas 43% admit that they plan to promote after they could make a short-term revenue.” As well as, 24% revealed that they plan to make use of cryptocurrency for on-line purchases and 12% stated they plan to make use of it for in-person purchases.

Moreover, “Probably the most interesting attribute of cryptocurrency for the complete pattern is ‘long-term return on funding’ (28%), with all different attributes – lack of charges, ease of entry, FOMO, and lack of centralized management intently following.”

In the meantime, the examine reveals that “Practically 40% of respondents didn’t understand that they may purchase a part of a cryptocurrency (i.e. not the entire value of a coin).”

Noting that “Digital belongings are driving a brand new, more and more dynamic financial system,” Bakkt CEO Gavin Michael commented:

The outcomes of the survey display that Gen Z and millennials are adopting crypto en masse and for various types of fee, however the greatest roadblock standing of their manner has been lack of knowledge on the way to get began and issues with market volatility.

What do you consider this U.S. client survey on cryptocurrency? Tell us within the feedback part beneath.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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