46% of those surveyed declared they had USD 1,000 or less in cryptocurrencies, while another 25% said they had between 1,000 and 10,000 dollars.
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The vast majority of cryptocurrency owners in the United States made their first investments in the last year, according to a new survey.
- Around 70% of US hodlers started investing in cryptocurrencies like Bitcoin (BTC) in 2021, according to the Crypto Perception Report 2022 of the Huobi Group, the operator of the cryptocurrency exchange, Huobi.
- The global impact of cryptocrime will shrink further in 2022, Chainalysis reveals
The company in took about 3,100 American adults in mid-December 2021 to assess respondents’ knowledge of cryptocurrencies, what they think about the crypto market boom in 2021 and beyond.
Survey revealed that the 68% of respondents had their first exposure to cryptocurrencies in the past year, while another 21% started investing in cryptocurrencies up to two years ago. The 12% of those surveyed made their first investment in the last four years, while 9% started investing in crypto assets more than four years ago.
However, according to the results of the survey, respondents did not invest heavily in cryptocurrencies. The 46% declared having USD 1,000 or less invested in cryptocurrencies. Another 25% said they had between $1,000 and $10,000.
The study also suggests that there is still a lot of skepticism around the cryptocurrency industry, as the 42% of respondents consider that it is too risky to invest in cryptocurrencies.
- The 34% of the interviewees were also concerned about the lack of regulation of the market, while
24% indicated that they did not have enough capital to invest in crypto assets.
- Aside from Shark Tank, Mark Cuban says that 80% of his new investments are in crypto
The director of global strategy of Huobi Group, Jeff Mei said that 2021 was a great year for cryptocurrencies thanks to the emergence of sectors such as decentralized finance and non-fungible tokens.
“However, we still have a long way to go before mass adoption occurs. Once more people take the time to understand the sector and there is more clarity on global regulations, we can expect to see an uptick in participation”, He said.
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