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

The
vast
majority
of
cryptocurrency
owners
in
the
United
States
made
its
first-ever
crypto
investments
just
within
last
year,
according
to
a
new
survey.

About
70%
of
crypto
hodlers
in
the
U.S.
started
investing
in
cryptocurrencies
like
Bitcoin
(BTC)
in
2021,
according
to
the
Crypto
Perception
Report
2022
by
Huobi
Group,
the
operator
of
major
crypto
exchange
Huobi.

The
company

polled

about
3,100
American
adults
in
mid-December
2021
to
assess
respondents’
knowledge
of
crypto,
what
they
think
about
the
crypto
market
rise
in
2021
and
more.

The
survey
found
68%
of
respondents
got
their
first
crypto
exposure
within
the
last
year,
while
another
21%
of
those
started
investing
in
crypto
up
to
two
years
ago.
12%
of
respondents
made
their
first
crypto
investment
within
four
years,
while
9%
began
investing
in
crypto
more
than
four
years
ago.


Source:
Huobi
Group

According
to
the
survey’s
findings,
respondents
did
not
invest
too
much
in
crypto,
though.
46%
of
pollees
reported
having
$1,000
or
less
invested
in
cryptocurrencies.
Another
25%
said
that
they
held
between
$1,000
and
$10,000
worth
of
crypto.

The
study
also
suggested
that
there’s
still
a
lot
of
skepticism
around
the
crypto
industry,
with
42%
of
respondents
feeling
it
was
too
risky
to
invest
in
crypto.
34%
of
interviewees
were
also
concerned
about
the
lack
of
market
regulations,
while
24%
of
respondents
noted
that
they
didn’t
have
enough
capital
to
invest
in
crypto.



Related:




New
survey
reveals
83%
of
Millennial
millionaires
now
own
crypto

Huobi
Group
global
strategy
director
Jeff
Mei
said
that
2021
was
a
big
year
for
crypto
thanks
to
the
rise
of
sectors
such
as
decentralized
finance
and
nonfungible
tokens.

“However,
we
still
have
a
long
way
to
go
before
mainstream
adoption
will
happen.
Once
more
people
take
the
time
to
understand
the
industry
and
there’s
more
clarity
on
global
regulations,
we
can
expect
to
see
a
spike
in
participation,”
he
said.

read original article here