16% of Americans have Invested, Traded or Used Cryptocurrency
A look conducted by the Pew Research Center, a Washington DC-based totally non-partisan think tank, has discovered that approximately 16% of American adults have invested in, traded, or used cryptocurrency.
In its record, Pew Research highlighted that the crypto market turmoil has taken its toll on this demographic. Approximately 46% of those crypto users stated that their investment performed worse than expected.
Only approximately 15% said their funding had met expectations, at the same time as 31% pretty much broke even, and 8% said they were uncertain of the performance of their crypto portfolio.
The important reasons crypto customers referred to for making their investments include investment diversification, in addition to the reality that crypto is an easier asset class to put money into and has low barriers to access.
The survey observed that a similarly low percentage of Americans—2%—had invested in non-fungible tokens (NFTs). This is out of 49% of survey contributors that had heard about the virtual residences.
The data, tellingly, displays that the U.S. crypto marketplace hasn't seen any massive boom in buyers due to the fact that 2021 in spite of expanded media interest in the asset class.
This is in reference to a similar survey published back in November 2021 where it also found that 16% of U.S. adults had invested in, traded, or used cryptocurrencies.
The U.S. lags behind different nations in crypto uptake.
In a file using blockchain and crypto intelligence firm Chainalysis, the U.S. ranked 8th, losing from sixth, in its 2021 worldwide crypto adoption index, with adoption within the U.S. of a status at 14%. The biggest motive the U.S.A. dropped is that its rating in P2P exchange volume weighted for internet-the use of the populace declined dramatically. However, the information additionally suggested increasing worldwide crypto adoption.
Meanwhile, any other take a look at shows that many greater Americans who aren't crypto users have plans to do so by the end of 2022. The study, conducted by Ascent, found that approximately 56% of the U.S. adult population, or around 46 million Americans, plan to invest in crypto throughout 2022.