Among Americans who have invested in cryptocurrencies, as many as 78% see it as a way to diversify their investments, and 46% say that their allocation to cryptocurrencies has delivered the same performance as they expected even better, information from a recent pew research center survey of the nonpartisan U.S. organization.
This survey was conducted among 6,034 U.S. adults between July 5 and July 17, 2022.
According to statistics, about 16% of Americans polled have admitted to investing, trading, or using cryptocurrencies. Around 71% have not entered the crypto space and 12% claim that they have not heard of cryptocurrencies.
Of those who have invested in cryptocurrencies, 15% say that their investments have performed better than they expected, and 31% say that these investments have performed the same as they expected. These two groups combined represented 46% of those polled.
Meanwhile, another 46% surveyed believe that these crypto ventures have underperformed them and 8% are unsure of how to evaluate their performance.
While 78% of respondents said that their crypto activities are driven by the need to diversify investments, 75% say it is a good way to make money.
The research center further points out that:
About 54% say that at least one reason to invest is that cryptocurrencies are easier to get involved in than other ways of investing. Others are more confident in cryptocurrencies than other investments (39%) and want to be part of the community (33%)
Based on the results of the survey, US men are 14% more likely to use cryptocurrency than women, and people under 50 are more likely to be crypto users than those over 50.