25% of US Adults Plan to Invest in Crypto, Survey Shows – Featured

A US consumer survey shows that 25% of respondents who do not currently own cryptocurrency plan to invest in crypto. "2021 was a good year for crypto. Of respondents who own crypto, more than half said they had only started investing in the space in the last year."

“2021 was a good year for crypto”

Cryptocurrency exchange Huobi released a report titled “Crypto Perception Report 2022” on Thursday. The report includes “an in-depth survey to learn how the average person views cryptocurrencies, what they think about emerging trends, and whether they plan to invest in the space in the future,” the company explained.

A total of 3,144 U.S. adults ages 18 and older participated in the survey, 47% of whom were men.

“The crypto industry has experienced mainstream growth in 2021, but it is still a niche topic for most people,” the report describes, stating:

2021 was a good year for crypto. Of respondents who own crypto, more than half said they had only started investing in the space in the last year.

According to the results, “47% of respondents say they do not own crypto and do not plan to do so” and “around 28% of respondents say they currently own crypto.” The report adds:

25% say that while they don't currently own crypto, they plan to in the future, indicating they remain curious about the emerging field.

When asked how they feel about the future of the crypto industry, 42% said they are ambivalent and don't know much about it, while 23% said they are not confident and think "it's all a scam/bubble and will collapse." Meanwhile, 19% believe the crypto industry will change the definition of money and 16% believe it will grow, but not by much.

When it comes to reasons for investing in cryptocurrency, 40% chose “longer-term investment potential” as the answer, 27% chose “general interest,” and 18% said “short-term investment potential.”

Meanwhile, the sectors that crypto investors consider to be the most promising are non-fungible tokens (NFTs) and decentralized finance (defi) – both chosen by 37% of respondents. The third most promising area is the Metaverse, chosen by 36% of respondents.

What do you think of this survey? Let us know in the comments section below.

Kevin Helms

As a student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the interface between economics and cryptography.

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