2018-10-9 15:49 |
In Oct. 2017, American cryptocurrency investors had no idea that they would be witnessing all-time highs in the crypto market, while the rest of the population remained oblivious to cryptos altogether. Fast forward one year and today, at least 75 percent of Americans believe that they know what cryptocurrencies are. Another 20 percent “sort off” know about cryptocurrencies. Adding the numbers up, you will find that a person would have to be living under a rock to not know about digital assets. A new Clovr survey is now detailing these statistics.
Everybody Knows About Crypto LambosWhile crypto Lamborghini stories are not hard to come by, a general consensus among experts is that people do not necessarily understand digital currencies. Clovr talked to 1,004 Americans between the ages of 18 and 80 on Amazon’s Mechanical Turk platform and proved many people wrong. More than 75 percent of Americans believe that they know about digital currencies, with more than 62 percent feeling confident that they can explain the concept to others.
Despite having enough information by their side, 70 percent of the respondents described their emotions toward cryptocurrencies as uncertain. The response is appropriate for the times as the market is highly volatile and regulators haven’t yet devised a clear plan for this sector. Interestingly, 10.3 percent of respondents felt satisfied with cryptocurrencies, while 8.8 percent felt dissatisfied. Another 8.8 percent people felt “happiness” toward these currencies.
Meanwhile, about 40 percent of respondents invested in cryptocurrencies because people they know are doing it. It shows a strong fear of missing out among people.
The Millennial Demographic Wins It AllAbout 75 percent of the surveyed respondents believe that people who do not invest in cryptocurrencies “play it safe.” On the other hand, almost 80 percent of respondents believe that investing in Bitcoin is positive risk taking. Forty-three percent of males and 23 percent of females have invested in digital currencies. Nearly 52 percent of people investing in cryptocurrencies are doing so because of the possibility of big returns.
High earners were more likely to invest in digital coins. Forty-seven percent of people earning between $75,000 and $99,999 per annum invested in digital markets, while less than 25 percent of those earning $25,000 or less per annum took the risk.
The millennials are driving the crypto investing phenomenon. They are twice as likely to be crypto investors than any other generation. Forty-two percent of urban residents and 33 percent of suburban residents want to invest in digital currencies.
Millennial Men Can’t Resist Crypto Investing: New Clovr Survey was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
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