Close to half of US adults who have ever dabbled in crypto assets say they are disappointed in their investments following the market downturn, according to a Pew Research Center study.
The new study finds that 46% of US adults who have used, traded or invested in crypto assets feel let down while 15% are satisfied with their investments.
“Among the 16% of US adults who say they have ever invested in, traded or used a cryptocurrency such as Bitcoin or Ether, 46% report their investments have done worse than they expected, according to a new Pew Research Center survey.
By comparison, 15% of these Americans say their investments have done better than they expected, 31% say they have worked out about the same as they expected and another 8% say they are not sure.”
On why they chose to invest in crypto, a majority of the respondents in the study say they view digital assets as possessing various advantages over other investment plays.
“Among the 16% of Americans who say they have ever invested in, traded or used a cryptocurrency, about three-quarters say that a major or minor reason is that they want a different way to invest (78%) or that it is a good way to make money (75%).
Some 54% say at least a minor reason is that they think crypto is easier to get into than other ways to invest.
Smaller shares cite being more confident in cryptocurrencies than other investments (39%) and wanting to be part of a community (33%) as at least a minor reason for investing.”
But while 16% of US adults have used, traded or invested in crypto assets, only 2% of the respondents polled have bought a non-fungible token (NFT).
You can read the full report here.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Frank Rohde/Nikelser Kate
