Cryptocurrency trading platform Bakkt surveyed more than 2,000 Americans to explore why crypto investors have chosen to enter the industry. And what are the biggest obstacles that stand in their way? It also revealed which age group felt most confident about such investments.
young participants Especially those under 29 are the most invested in bitcoin and altcoins, where they also seem the most confident and knowledgeable. and on the contrary People over 60 have almost no desire to invest in this asset class.
in the gender division It is clear that men are more active and educated than women. For example, 46% of the participants were women. It is thought that the only way to invest in bitcoin is to pay to buy the coin at full price (almost $62,000 at the time of writing), while this percentage is 37% among men.
It is also worth mentioning what crypto owners intend to do with their holdings, with 58% responding that they want to hold for the long term – in other words – they are HODLers and 43% are on the bank. Conversely, by planning to sell when they can make a short-term profit.
As for the investment proportion Most investors are still just getting into the crypto universe, as only 5% allocate more than $1,000 in the market, while 28% invest in $200 or less.
Additionally, participants who were not exposed to bitcoin or altcoins reasoned in that stance: “Too much volatility” was the most important challenge with 32%, while “I don’t know where to invest” was second with 24%. However, 32% of non-investors admitted they were willing to. Step into the crypto industry in the next six months.
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