46% of respondents said they have $1,000 or less in crypto, while another 25% say they hold between $1,000 and $10,000.
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According to a new survey, the majority of crypto owners in the United States made their first crypto investments within the last year alone.
Around 70% of crypto sellers in the US start investing in cryptocurrencies like Bitcoin (BTC) by 2021, according to the 2022 Crypto Awareness Report by Huobi Group, operator of major crypto exchanges. Huobi.
The company polled approximately 3,100 U.S. adults in mid-December 2021 to gauge respondents’ knowledge of cryptocurrencies, what they think of the market’s rise crypto in 2021 and beyond.
The survey found that 68% of respondents were exposed to cryptocurrency for the first time within a year, while another 21% started investing in crypto two years ago. 12% of respondents made their first crypto investment within 4 years, while 9% started investing in crypto over 4 years ago.
According to the results of the survey, the respondents do not invest too much in cryptocurrencies. 46% of pollees said they have invested $1,000 or less in crypto. Another 25% say they hold between $1,000 and $10,000 worth of crypto.
The study also suggests that there is still a lot of skepticism surrounding the crypto industry, with 42% of respondents feeling that investing in crypto is too risky. 34% of respondents are also concerned about the lack of market regulation, while 24% of respondents noted that they do not have enough capital to invest in cryptocurrencies.
Related: New survey shows that 83% of millennial millionaires now own cryptocurrency
Huobi Team Global Strategy Director, Jeff Mei, says that 2021 is an important year for crypto thanks to the rise of areas such as decentralized finance and non-usable tokens. Okay.
“However, we still have a long way to go before mainstream adoption will take place. Once more people take the time to understand the industry and have more clarity on global regulations, we can expect a spike in participation,” he said.