46 percent of respondents claimed they had $1,000 or less in cryptocurrency, while another 25 percent said they had $1,000 to $10,000
According to a new survey, the majority of cryptocurrency holders in the United States invested in crypto for the first time last year.
According to the Crypto Perception Report 2022 by Huobi Group, the operator of major crypto exchange Huobi, almost 70 per cent of crypto holders in the United States began investing in cryptocurrencies like Bitcoin (BTC) in 2021.
In mid-December 2021, the company interviewed over 3,100 American adults to examine respondents’ understanding of crypto, their thoughts on the crypto market’s rise in 2021, and more.
According to the survey, 68 percent of respondents received their first crypto exposure over the last year, while another 21 percent began investing in crypto within the last two years. Within the last four years, 12 percent of respondents made their first crypto investment, while 9 percent began investing in crypto more than four years ago.
However, according to the results of the poll, respondents did not invest heavily in cryptocurrency. A total of 46% of those polled said they had $1,000 or less invested in cryptocurrency. Another quarter of respondents indicated they had between $1,000 and $10,000 in cryptocurrency.
The poll also revealed that there is still a lot of suspicion around the crypto industry, with 42 per cent of respondents believing that investing in crypto is too hazardous. The lack of market rules was also a source of concern for 34 percent of interviewees, while 24 per cent said they didn’t have enough money to invest in cryptocurrency.
Jeff Mei, Huobi Group global strategy director, claimed that the emergence of industries such as decentralized finance and non-fungible tokens made 2021 a major year for crypto.
Do let us know what you think about these statistics in the comments section.
