A survey found that many Americans view cryptocurrency as a safe investment asset. Americans who already have cryptocurrency were surveyed as 25% of respondents, and 27% said they plan to invest in cryptocurrency this year.
The global consumer research platform Piplsay said the results came out in a survey conducted this month of 30,000 Americans over the age of 18. Peoplesay’s findings are consistent with the results of several other recent research.
In October 2020, digital asset manager Grayscale released a study finding that 55% of US investors are interested in cryptocurrency. In a survey last month, Bitwize also announced that 24% of financial advisors have Bitcoin or another cryptocurrency.
Bitcoin, which recently showed a dramatic increase in market price, has become one of the most profitable investment assets not only in 2020 but also in the last decade. Although many institutions such as MassMutual, BlackRock, MicroStrategy, and Tesla are showing interest in Bitcoin’s remarkable growth, it is pointed out that the interest of individual investors is relatively lagging behind. .
One of the metrics that is useful when determining the general public’s interest in Bitcoin is the Google search trend, and the number of searches for’Bitcoin’ is not keeping up with the bull market in 2017.
In the Peoplesay survey, 41% of respondents saw the same investment risk of stocks and cryptocurrencies. Among respondents who believe that cryptocurrency is not a safe investment asset, 27% cited the risk of hacking or fraud, 22% cited insufficient regulation, and 20% cited price volatility.
Meanwhile, 30% of respondents said they did not understand cryptocurrency well, and 13% said they did not know anything about cryptocurrency.
In Peoplesay’s questionnaire, the expression’it is too early’ did not appear.
· Translated by NewsPeppermint.
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