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25% of US Adults Plan to Start Investing in Crypto, Survey Shows

25% of US Adults Plan to Start Investing in Crypto, Survey Shows

A U.S. consumer survey shows that 25% of respondents who currently do not own cryptocurrency plan to start investing in crypto. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.”

‘2021 Was a Good Year for Crypto’

Cryptocurrency exchange Huobi released a report titled “Crypto Perception Report 2022” Thursday. The report includes “an in-depth survey to learn how the average person views cryptocurrencies, their thoughts on emerging trends, and if they plan on investing in the space in the future,” the company detailed.

A total of 3,144 U.S. adults aged 18 and over participated in the survey, 47% of whom were men.

“The crypto industry has seen mainstream growth in 2021, but it’s still a niche topic among most people,” the report describes, elaborating:

2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.

According to the results, “47% of respondents say that they don’t own crypto and don’t plan to” and “about 28% of respondents indicate that they currently do own crypto.” The report adds:

25% say that while they don’t own crypto at the moment, they plan to in the future, indicating that they remain curious about the emerging field.

When asked how they feel about the future of the crypto industry, 42% said they are ambivalent and do not know much about it, while 23% said they’re not confident and think “it’s all a scam/bubble and going to collapse.” Meanwhile, 19% think the crypto industry will transform the definition of money and 16% think it will grow, but not by much.

25% of US Adults Plan to Start Investing in Crypto, Survey Shows

As for the reasons for investing in cryptocurrency, 40% chose “longer investment potential” as the answer, 27% picked “general interest,” and 18% said “short-term investment potential.”

Meanwhile, the sectors that crypto investors believe to be the most promising are non-fungible tokens (NFTs) and decentralized finance (defi) — both were chosen by 37% of respondents. The third most promising area is the metaverse, chosen by 36% of respondents.

What do you think about this survey? Let us know in the comments section below.

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