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.
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Source: https://dailyhodl.com/2022/08/30/nearly-half-of-us-crypto-holders-say-their-investments-have-performed-worse-than-expected-new-study/