Almost 50% invested in cryptocurrencies this year – Bitcoin news in the spotlight

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A crypto survey of U.S. consumers, commissioned by regulated crypto platform Bakkt, shows that nearly half of all respondents said they had invested in cryptocurrencies in the first half of the year.

Nearly Half of U.S. Consumers Have Invested in Crypto in the Past 6 Months, Study Finds

A survey commissioned by the regulated digital asset platform Bakkt shows that nearly half of consumers surveyed in the United States have invested in cryptocurrencies in the last six months of this year. Bakkt was launched in 2018 by Intercontinental Exchange, which manages more than a dozen of the world’s largest stock exchanges, including the New York Stock Exchange (NYSE).

“Commissioned by Bakkt and conducted on an online survey tool, we surveyed over 2,000 consumers across the United States and was implemented in July 2021… Data has been age weighted, race, gender, education and geography using the Census Bureau’s US Community Survey. to reflect the demographic makeup of the United States, “the survey report says. results published on Wednesday:

Almost half (48%) of U.S. consumers said they invested money in cryptocurrency in the first half of the year.

“Of those who have not invested in cryptocurrency, 32% of those surveyed are interested in purchasing cryptocurrency in the next six months,” the report notes.

Amount of cryptocurrency held by respondents. Source: Bakkt U.S. Consumer Crypto Survey.

The survey also found that among those who have purchased cryptocurrency in the past, “58% see it as a long-term investment, while 43% admit they plan to sell when they can make a short profit. term”. Additionally, 24% revealed that they plan to use the cryptocurrency for online purchases and 12% said they plan to use it for in-person purchases.

Further, “the most attractive attribute of cryptocurrency for the entire sample is ‘long-term return on investment’ (28%), along with all the other attributes – lack of fees, ease of use. ‘access, FOMO and lack of centralized control closely monitored. “

Meanwhile, the study reveals that “Almost 40% of those surveyed did not realize that they could buy part of a cryptocurrency (i.e. not the full price of a cryptocurrency). room).”

Noting that “digital assets are the engine of an increasingly dynamic new economy,” said Gavin Michael, CEO of Bakkt:

Survey results show Gen Z and millennials are embracing crypto and other forms of payment overwhelmingly, but the biggest obstacle in their path has been the lack of understanding of how to get started and concerns about market volatility.

What do you think of this survey of US consumers on cryptocurrency? Let us know in the comments section below.

Image credits: Shutterstock, Pixabay, Wiki Commons

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