CNBC Survey: One in 10 People in U.S. Are Investing in Cryptocurrency

A recent survey shows that more than one in ten people in the U.S. are investing in cryptoassets. 

According to a report by CNBC published on August 24, the results from a poll conducted by CNBC and the American chemical company Momentive suggest that 11% of adults in United States are investing in cryptoassets. 

The report said that the CNBC/Momentive survey had 5,523 respondents, who were U.S. resident adults and it was conducted between August 4 and August 9. 11% of these people said that they were crypto investors. Apparently, around 65% of the people holding crypto only got started investing in the past year.

Here are are a few highlights from the results of the survey:

  • Those who invest in cryptocurrency say they do so because of the potential for long term growth (60%), the potential for high growth in a short period (44%), the ease of making their own trades (33%), and the excitement of investing (26%).
  • Less than half (44%) of the general public don’t know where they expect Bitcoin to be at the end of 2021 (21% say higher than where it is now, 14% say about where it is now, and 14% say lower than where it is now).
  • New investors are more optimistic about cryptocurrency than those who began investing before 2019. A third (36%) of new investors believe the price of Bitcoin will be higher than it is now, compared to 20% of other investors.

The survey also covered crypto investing demographics, finding that men were twice as likely as women to invest in cryptoassets across all racial and ethnic groups. Older investors were also more likely to rate cryptoassets as high risk.  

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image Credit

Image by “World Spectrum” via Pixabay

Source: Read Full Article