70% of US Crypto Investors Just Started Buying in 2021

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46% of respondents said they have $1,000 or less in crypto, while 25% say they have $1,000 to $10,000.

According to Huobi Group’s 2022 Crypto Awareness Report, the majority of crypto investors in the United States, around 70%, bought for the first time just last year.

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Company polled approximately 3,100 American adults as of mid-December 2021 to gauge respondents’ knowledge of crypto, what they think about the rise of the crypto market in 2021 and beyond.

The survey found that 68% of respondents got their first exposure to cryptocurrency in the last year, while 21% started investing in crypto two years ago.

12% of respondents made their first crypto investment within 4 years, while 9% started investing in crypto over 4 years ago.


According to the results of the survey, the respondents do not invest too much in cryptocurrencies. 46% said they have invested $1,000 or less in crypto. 25% say they hold between $1,000 and $10,000 worth of crypto.

The study also suggests that there is still a lot of skepticism surrounding the crypto industry, with 42% of respondents feeling that investing in crypto is too risky. 34% of respondents are also concerned about the lack of market regulation, while 24% of respondents noted that they do not have enough capital to invest in cryptocurrencies.

Huobi Group’s global chief strategy officer, Jeff Mei, says that 2021 is an important year for cryptocurrencies thanks to the rise of sectors like decentralized finance and NFTs.

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

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The source: https://nguyendiep.com
Category: news

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