A study conducted by Pew Research Center, a Washington DC-based non-partisan think tank, has found that approximately 16% of American adults have invested in, traded, or used cryptocurrency.
In its report, Pew Research highlighted that the crypto market turmoil has taken its toll on this demographic. About 46% of these crypto users reported that their investment has performed worse than they expected.
Only about 15% said their investment had exceeded expectations, while 31% just about broke even and 8% said they were unsure of the performance of their crypto portfolio.
The major reasons crypto users cited for making their investments include investment diversification, as well as the fact that crypto is an easier asset class to invest in and has low barriers to entry.
The survey found that a similarly low percentage of Americans - 2% - had invested in non-fungible tokens (NFTs). This is out of 49% of survey participants that had heard about the digital properties.
Pew Research noted...
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