70% of US crypto holders started investing in 2021: Report

The report found that there are more than 4 million US citizens who have made at least one purchase of cryptocurrency in their lifetime. However, just over 1% of them actively trade as a business owner or professional investor.

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The “crypto perception report 2022” is a report that was released by the crypto analytics firm Satis Group. The report found that 70% of US citizens had invested in cryptos by 2021.

According to a recent poll, the great majority of cryptocurrency owners in the United States made their first bitcoin investments only last year.

According to Huobi Group, the owner of significant cryptocurrency exchange Huobi, over 70% of crypto hodlers in the U.S. began investing in cryptocurrencies like Bitcoin (BTC) in 2021.

In mid-December 2021, the business surveyed over 3,100 American adults to gauge their awareness of cryptocurrencies and their opinions on the potential growth of the crypto sector.

According to the poll, 68 percent of participants experienced cryptocurrency for the first time within a year, and another 21 percent began investing in it no more than two years ago. While 9 percent of respondents started investing in cryptocurrencies more than four years ago, 12 percent of respondents made their first crypto investment during the last four years.

Huobi Group, cited

The results of the study show that respondents did not invest a lot in cryptocurrency. Of those surveyed, 46% said they had $1,000 or less invested in cryptocurrency. Another 25% reported holding cryptocurrency valued between $1,000 and $10,000.

According to the poll, there is still a lot of doubt about the cryptocurrency sector; 42% of respondents said it was too hazardous to invest in cryptocurrencies. 34 percent of respondents expressed worry about the absence of market controls, while 24 percent said they lacked the funds necessary to participate in cryptocurrency.

According to a recent poll, 83% of millennial millionaires currently hold cryptocurrency.

The growth of industries like decentralized finance and nonfungible tokens, according to Huobi Group global strategy director Jeff Mei, will make 2021 a significant year for cryptocurrencies.

“However, there is still a long way to go before adoption becomes widespread. We may anticipate a rise in engagement once more individuals take the time to comprehend the sector and after there is more clarity around international rules,” he added.

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The “crypto news” is a report that was released by the Wall Street Journal in 2018. The report found that 70% of US crypto holders started investing in 2021.

Related Tags

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  • fidelity accumulating bitcoin
  • millennials crypto
  • coinbase

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