25% of US Adults Plan to Start Investing in Crypto

A U.S. consumer survey shows that 25% of respondents who currently do not own cryptocurrency plan to start investing in crypto. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.”

‘2021 Was a Good Year for Crypto’

Cryptocurrency exchange Huobi released a report titled “Crypto Perception Report 2022” Thursday. The report includes “an in-depth survey to learn how the average person views cryptocurrencies, their thoughts on emerging trends, and if they plan on investing in the space in the future,” the company detailed.
A total of 3,144 U.S. adults aged 18 and over participated in the survey, 47% of whom were men..

“The crypto industry has seen mainstream growth in 2021, but it’s still a niche topic among most people,”

According to the results, “47% of respondents say that they don’t own crypto and don’t plan to” and “about 28% of respondents indicate that they currently do own crypto.” The report adds:
When asked how they feel about the future of the crypto industry, 42% said they are ambivalent and do not know much about it, while 23% said they’re not confident and think “it’s all a scam/bubble and going to collapse.” Meanwhile, 19% think the crypto industry will transform the definition of money and 16% think it will grow, but not by much.

As for the reasons for investing in cryptocurrency, 40% chose “longer investment potential” as the answer, 27% picked “general interest,” and 18% said “short-term investment potential.” Meanwhile, the sectors that crypto investors believe to be the most promising are non-fungible tokens (NFTs) and decentralized finance (defi) — both were chosen by 37% of respondents. The third most promising area is the metaverse, chosen by 36% of respondents.