The overwhelming majority of cryptocurrency homeowners in the US made its first-ever crypto investments simply inside final yr, based on a brand new survey.
About 70% of crypto hodlers within the U.S. began investing in cryptocurrencies like Bitcoin (BTC) in 2021, based on the Crypto Notion Report 2022 by Huobi Group, the operator of main crypto alternate Huobi.
The corporate polled about 3,100 American adults in mid-December 2021 to evaluate respondents’ information of crypto, what they give thought to the crypto market rise in 2021 and extra.
The survey discovered 68% of respondents bought their first crypto publicity inside the final yr, whereas one other 21% of these began investing in crypto as much as two years in the past. 12% of respondents made their first crypto funding inside 4 years, whereas 9% started investing in crypto greater than 4 years in the past.
In accordance with the survey’s findings, respondents didn’t make investments an excessive amount of in crypto, although. 46% of pollees reported having $1,000 or much less invested in cryptocurrencies. One other 25% mentioned that they held between $1,000 and $10,000 value of crypto.
The research additionally prompt that there’s nonetheless plenty of skepticism across the crypto business, with 42% of respondents feeling it was too dangerous to put money into crypto. 34% of interviewees had been additionally involved concerning the lack of market rules, whereas 24% of respondents famous that they didn’t have sufficient capital to put money into crypto.
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Huobi Group world technique director Jeff Mei mentioned that 2021 was an enormous yr for crypto due to the rise of sectors similar to decentralized finance and nonfungible tokens.
“Nevertheless, we nonetheless have a protracted strategy to go earlier than mainstream adoption will occur. As soon as extra individuals take the time to know the business and there’s extra readability on world rules, we are able to anticipate to see a spike in participation,” he mentioned.
