The vast majority of cryptocurrency owners in the United States made their first investments in the past year, according to a new survey.
About 70% of US hodlers started investing in cryptocurrencies like Bitcoin (BTC) in 2021, according to the Crypto Perception Report 2022 from Huobi Group, the operator of cryptocurrency exchange Huobi.
The company surveyed about 3,100 American adults in mid-December 2021 to assess respondents’ knowledge of cryptocurrencies, what they think about the crypto market booming in 2021, and more.
The survey revealed that the 68% of respondents had their first exposure to crypto in the last year, while another 21% started investing in cryptocurrencies up to two years ago. The 12% of respondents made their first investment in the last four years, while a 9% started investing in crypto assets more than four years ago.
However, according to the survey results, the respondents did not invest heavily in cryptocurrencies. The 46% declared to have USD 1,000 or less invested in cryptocurrencies. Other 25% said they had between $1,000 and $10,000.
The study also suggests that there is still a lot of skepticism around the cryptocurrency industry, as the 42% of respondents consider that it is too risky to invest in cryptocurrencies. The 34% of those interviewed were also concerned about the lack of market regulation, Meanwhile he 24% indicated that they did not have enough capital to invest in crypto assets.
The director of global strategy of Huobi Group, Jeff Mei said that 2021 was a big year for cryptocurrencies thanks to the emergence of sectors like decentralized finance and non-fungible tokens.
“However, we still have a long way to go before mass adoption occurs. Once more people take the time to understand the industry and there is more clarity on global regulations, we can expect to see an uptick in participation”, He said.
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