Nearly 50% of US Consumer of Crypto Invested in Cryptocurrencies This Year

A crypto survey of U.S. consumers, commissioned by regulated crypto platform Bakkt, shows that almost 1/2 all respondents same they invested with in cryptocurrencies throughout the primary 1/2 the year.

Nearly half  U.S. shoppers invested with in Crypto throughout the Past six Months, Study Shows

A survey commissioned by regulated digital asset platform Bakkt shows that almost 50% surveyed shoppers within the U.S. invested in cryptocurrencies within the past six months this year. Bakkt was launched in 2018 by Intercontinental Exchange, which operates over a dozen of the world’s most outstanding exchanges together with the New York stock market (NYSE).

“Commissioned by Bakkt and conducted over a web survey tool, we have a tendency to polled quite 2,000 shoppers across the U.S. and was fielded in July 2021 … data are weighted for age, race, sex, education, and geographics exploitation the Census Bureau’s American Community Survey to mirror the demographic composition of the US,” the survey report explains. in line with the results discharged Wednesday:

“Nearly half (48%) of U.S. shoppers reported investment money in cryptocurrency throughout the primary 1/2 of the year.”

“Of people who haven’t invested in cryptocurrency, 32% of respondents have an interest in shopping for cryptocurrency within the next six months,” the report notes.

The survey additionally found that among people who have already purchased cryptocurrencies, “58% read it as a long investment, whereas 43% admit that they arrange to sell after they will create a short profit.” In addition, 24% revealed that they arrange to use cryptocurrency for on-line purchases and 12% said  they arrange to use it for in-person purchases.

Furthermore, “The most appealing attribute of cryptocurrency for the complete sample is ‘long-term come back on investment’ (28%), with all different attributes – lack of fees, simple access, FOMO, and lack of centralized management closely following.”

Meanwhile, the study reveals that “Nearly 40% of respondents didn’t understand that they may obtain a part of a cryptocurrency (i.e. not the full value of a coin).”

Noting that “Digital assets are driving a brand new, more and more dynamic economy,” Bakkt business executive Gavin Michael commented:

“The results of the survey demonstrate that Gen Z and millennials are adopting crypto en masse and for various varieties of payment, however the most important roadblock standing in their way has been lack of understanding on how to start and concerns with market volatility.