Half Of Americans Investing In Crypto Are Feeling Frustrated

According to Pew Research Center, over half of Americans who have invested in cryptocurrencies believe it has performed worse than predicted.

Many assets have suffered as a result of the cryptocurrency market turbulence. Only 15% believe their investments have performed better than expected, while 31% say they have performed about as well.

Around 16% of adults in the United States have invested in, traded, or utilized cryptocurrencies. According to the study conducted from July 5 to July 17, the total proportion of US consumers purchasing cryptocurrency hasn’t moved since September 2021, despite increased media awareness.

Those that do invest want a different way to invest (78%), believe it is an excellent way to make money (75%) or believe it is easier to get into than other ways to invest (54%). Almost four out of ten people are more confident in digital assets than in other investments, and a third say being a member of a community is at least a small factor for investing.

A previous survey conducted by the center in 2021 discovered that four out of ten men aged 18-29 had used cryptocurrency, compared to 17% of women in the same age range.

It also discovered ethnic disparities. One-fifth of Black, Hispanic, and Asian Americans have invested in, traded in, or used cryptocurrencies, compared to 13% of white Americans.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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