Returns on cryptocurrency assets amid the ongoing crypto winter upset 46% of Americans invested in digital assets this year.
A survey by Pew Research Center analysts found that nearly half of U.S. cryptocurrency users find their investments less profitable.
The survey involved 6,000 Americans between 18 and 60 years old. According to Pew Research Center’s data for July 2022, the number of crypto users has not declined compared to last year, despite the market downturn, but 46% of investors remained dissatisfied with their returns.
Only 15% of respondents said their investment interest in the crypto market was justified and even exceeded their initial expectations. About 31% say they got exactly what they expected. And 8% of those surveyed could not estimate their income at all.
The Pew Research Center survey also revealed the reasons why Americans are willing to invest in cryptocurrencies:
- 78% see cryptocurrency as a great way to diversify their investment portfolio;
- 75% view crypto investing as a good way to make money;
- 54% think the cryptocurrency market is easier to get into than other investment markets;
- 39% are confident in the reliability of crypto investing compared to other ways of making a profit;
- 33% want to be involved in the latest financial market technology.
Analysts at the Pew Research Center also revealed a high interest in non-fungible tokens among U.S. investors. Thus, 49% of respondents say they consider NFTs an investment tool, but only 2% of Americans have decided to buy them. Remarkably, male investors turned out to be more aware of NFTs than women — 79% vs. 58%. However, women were more likely to buy non-fungible tokens — 7% vs. 4% among men.
Recall that a recent study showed that crypto adoption around the world is growing, and over the next eight years, the number of crypto users may increase to 1 billion. The growing acceptance of crypto-assets encourages financial institutions to use digital assets, and over 60% of buyers and sellers want to make payments using cryptocurrencies.
