According to a Pew Research Center study, the majority of US residents (88%) have at least basic knowledge of cryptocurrencies. is safe and reliable.
17% of participants in the research acceptthat ever invested in cryptocurrencies in one lifetime Attitudes vary according to gender, age, race, ethnicity and income level.
For example, 41% of men aged 18 to 29 said they have invested in or used crypto, compared to 16% of women in the same period.
Digital assets appear to be more popular among minorities, with 24% of Asian respondents and 21% of black and Hispanic respondents saying they are “considerable”. They jumped into investing. By comparison, only 14% of white adults do so.
While nearly 90% of the participants stated that they had at least heard of bitcoin and altcoins, 75% were not confident about its security and reliability, and only 2% said they felt it. 4% said they were “very confident” while 4% said they were “very confident”.
Women seemed to be slightly more skeptical than men, with 80% of them in the “not confident” zone (compared to 71% of men).
The Pew Research Center also estimates that the majority of investors (74%) entered the ecosystem between one and five years ago. with only 10% of those making the jump before 2018.
Unfortunately for American investors, 45% of their cryptocurrency investments did not turn out as profitable as expected, with only 15% saying that they turned out to be more profitable than initially thought.
3% of investors said investing in the digital asset sector had caused significant financial damage, 16% said they had suffered “minor” injuries.
Anthony Scaramucci, one of bitcoin’s biggest proponents, once advised investors in 2021 to set aside no more than 5% of their total savings in crypto. They can earn stable profits in case the price rises, vice versa if the value falls. The loss would be very insignificant.
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