Among Americans who have invested in crypto, up to 78% see it as a way to diversify their investments, and 46% combined say their allocations to crypto have performed the same or better than they expected, according to a report. recent investigation by a non-partisan US think tank Pew Research Center.
This survey was conducted among 6,034 American adults from July 5 to July 17, 2022.
According to the poll, about 16% of American adults surveyed admitted to investing, trading, or using crypto. Some 71% did not engage in such activities and 12% said they had not heard of cryptocurrencies.
Of those who invested their funds in crypto, 15% say their investments performed better than expected, and 31% said those investments did about the same as they expected. These two groups together represent 46% of respondents.
Meanwhile, 46% of respondents think these crypto companies performed worse than expected, and 8% don’t know how to assess their performance, as the survey indicates.
While 78% of respondents say their crypto businesses are driven by a need to diversify their investments, 75% said they are a good way to make money.
“Some 54% say at least one minor reason [for investing] is that they think crypto is easier to break into than other ways to invest. Smaller stocks cite being more confident in cryptocurrencies than other investments (39%) and wanting to be part of a community (33%) as at least a minor reason for investing,” said the Pew Research Center .
Based on the survey results, American men are 14 percentage points more likely than women to report using crypto, and adults under 50 are more likely than those 50 and older to be of crypto users, at 25% and 7%, respectively.
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