A crypto survey of U.S. shoppers, commissioned by regulated crypto platform Bakkt, reveals that almost half of all respondents mentioned they invested in cryptocurrencies through the first half of the 12 months.
Almost Half of US Customers Invested in Crypto In the course of the Previous 6 Months, Research Reveals
A survey commissioned by regulated digital asset platform Bakkt reveals that almost half of surveyed shoppers in the U.S. invested in cryptocurrencies in the previous six months this 12 months. Bakkt was launched in 2018 by Intercontinental Trade, which operates over a dozen of the world’s most outstanding exchanges together with the New York Inventory Trade (NYSE).
“Commissioned by Bakkt and performed over a web-based survey device, we polled greater than 2,000 shoppers throughout the U.S. and was fielded in July 2021 … Information have been weighted for age, race, intercourse, training, and geography utilizing the Census Bureau’s American Neighborhood Survey to mirror the demographic composition of the USA,” the survey report explains. In keeping with the outcomes launched Wednesday:
Almost half (48%) of U.S. shoppers reported investing cash in cryptocurrency through the first half of the 12 months.
“Of those that haven’t invested in cryptocurrency, 32% of respondents have an interest in shopping for cryptocurrency in the following six months,” the report notes.
Quantity of cryptocurrency owned by respondents. Supply: Bakkt’s U.S. shopper crypto survey.
The survey additionally discovered that amongst those that have already bought cryptocurrencies, “58% view it as a long-term funding, whereas 43% admit that they plan to promote after they could make a short-term revenue.” As well as, 24% revealed that they plan to make use of cryptocurrency for on-line purchases and 12% mentioned they plan to make use of it for in-person purchases.
Moreover, “Essentially the most interesting attribute of cryptocurrency for the complete pattern is ‘long-term return on funding’ (28%), with all different attributes – lack of charges, ease of entry, FOMO, and lack of centralized management intently following.”
In the meantime, the research reveals that “Almost 40% of respondents didn’t notice that they may purchase a part of a cryptocurrency (i.e. not the entire value of a coin).”
Noting that “Digital belongings are driving a brand new, more and more dynamic financial system,” Bakkt CEO Gavin Michael commented:
The outcomes of the survey display that Gen Z and millennials are adopting crypto en masse and for various types of fee, however the largest roadblock standing in their means has been lack of know-how on the way to get began and issues with market volatility.
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