In light of the ongoing crypto-winter, 46% of adult cryptocurrency users in the United States are reporting lower than expected returns on their investments. This, according to a Pew Research Centre6,000 randomly selected individuals from around the United States took part in the same by completing self-administered online questionnaires.
The purpose of people’s cryptocurrency investments is another topic covered in the latest study. About three-quarters of the 16% of Americans who claim to have ever traded, invested in, or utilized a cryptocurrency indicate that one major or minor motivation is because they seek an alternative form of investing or think it is a successful way to make money .
The nation saw a huge increase in cryptocurrency adopters in 2021 when the market was at its peak. Soon after, however, the market crashed. This may be the reason behind the huge number of disgruntled cryptocurrency investors. Most people who were born between 1965 and 1980, according to deVere Group CEO Nigel Green, are investing as “part of a comprehensive retirement planning approach.”There are a couple of reasons why Americans feel this way. Bitcoin fell the most in two months, dropping in step with traditional markets as concerns about the Federal Reserve and other central banks stepping up their efforts to combat inflation returned.