Recently, a survey was carried out by the Pew Research Center and the results showed that an estimated 46% of American cryptocurrency investors think their entrance into the crypto market did not go as expected and was worse. Only 15% admitted seeing successful outcomes on their investments than they initially thought.
The study further shows that the number of crypto investors in the US has remained relatively the same when compared to figures from September last year. This lack of significant change comes despite the fact that the price of bitcoin reached its all-time high in November and the bear market that followed months later.
Approximately, 16% of Americans who invested a part of their wealth into the asset class said the major reason for doing so was because they were seeking alternative investment options. 75% believe that dealing with crypto is a good way to make money, while 54% said investing in bitcoin and altcoins is much easier than in other products.
The average profile of a crypto HODLer in the US has not changed by much, either. 42% of men aged 18 to 29 have allocated some funds to crypto. On the other hand, just 9% of women have entered the market. Also worth mentioning is that minorities, including Hispanics, Blacks, and Asians, are more active on the digital asset scene.
Awareness about cryptocurrencies is on a very high level though as approximately 90% of the participants have heard at least something about the sector, while 26% indicated that they have good knowledge of the matter.
Speaking of young individuals who invest part of their funds into crypto, it is worth noting that 40% of Americans born between 1981 and 1996 own digital assets. This was disclosed after another survey carried out by Alto.
Moreover, among those who are not HODLers, a good number admitted that they have been considering the option of entering the ecosystem soon.
Founder and CEO of Alto – Eric Satz – explained that the current macroeconomic situation is hindering some of those persons who are willing to invest in crypto. However, he believes that things might change once the global economy starts recovering.
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