The results of another study showed that the majority of Americans consider cryptocurrency a safe investment. In addition, 25% already own cryptocurrency, and another 27% have announced their readiness to invest this year.
Piplsay, a global consumer research platform, surveyed 30,000 people over the age of 18 in February. Its results are roughly in line with those of other recent polls.
In October, Grayscale reported that 55% of American investors are interested in buying cryptocurrency. Whereas in January, Bitwise discovered that 24% of financial advisors already own bitcoin or another cryptocurrency.
Bitcoin’s explosive growth has made it one of the most lucrative assets of the past year and the last decade. The strong performance has attracted institutional players from MassMutual and BlackRock to MicroStrategy and Tesla, although some argue that retail interest is not as strong.
The survey results indicate that 41% of respondents consider the stock market and cryptocurrencies to be equally risky investments. Of those who do not consider cryptocurrency to be a safe investment, 27% were concerned about hacks or fraud, 22% were concerned about lack of regulation, and 20% were concerned about cryptocurrency volatility.
It is noteworthy that 30% of those surveyed said they did not understand cryptocurrencies, and 13% said they had never heard of cryptocurrency.
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