The overwhelming majority of cryptocurrency homeowners in the US made its first-ever crypto investments simply inside final yr, in accordance with a brand new survey.
About 70% of crypto hodlers in the U.S. started investing in cryptocurrencies like Bitcoin (BTC) in 2021, in accordance with the Crypto Notion Report 2022 by Huobi Group, the operator of main crypto trade Huobi.
The corporate polled about 3,100 American adults in mid-December 2021 to evaluate respondents’ data of crypto, what they give thought to the crypto market rise in 2021 and extra.
The survey discovered 68% of respondents acquired their first crypto publicity inside the final yr, whereas one other 21% of these started investing in crypto as much as two years in the past. 12% of respondents made their first crypto funding inside 4 years, whereas 9% started investing in crypto greater than 4 years in the past.
Supply: Huobi Group
In accordance with the survey’s findings, respondents didn’t make investments an excessive amount of in crypto, although. 46% of pollees reported having $1,000 or much less invested in cryptocurrencies. One other 25% stated that they held between $1,000 and $10,000 price of crypto.
The research additionally steered that there’s nonetheless quite a bit of skepticism across the crypto trade, with 42% of respondents feeling it was too dangerous to speculate in crypto. 34% of interviewees have been additionally involved in regards to the lack of market rules, whereas 24% of respondents famous that they didn’t have sufficient capital to speculate in crypto.
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Huobi Group international technique director Jeff Mei stated that 2021 was an enormous yr for crypto due to the rise of sectors similar to decentralized finance and nonfungible tokens.
“However, we still have a long way to go before mainstream adoption will happen. Once more people take the time to understand the industry and there’s more clarity on global regulations, we can expect to see a spike in participation,” he stated.