- At 46%, the majority of US crypto investors are unhappy with their investments.
- Unchanged percentage of crypto users in country (at about 16%) from last year
- Nearly half of the people surveyed knew about NFTs and 2% had purchased them.
Nearly half of Americans who have ever invested in crypto, including the top two by market cap Bitcoin (BTC) and Ethereum (ETH), say the assets have performed “worse” than was expected.
46% of crypto users ‘disappointed’ by returns
Recent news: A new report published Pew Research Center discovered that about 46% of US adults who claim to have ever used, traded, or bought cryptocurrencies were unhappy with their investments.
Pew Research Center survey report on US crypto users’ take on their assets’ performance.
While a majority were dissatisfied with the overall performance of their cryptocurrency holdings, at most 15% stated that they have seen better-than-expected results. Another 31% stated that their crypto investments have performed as expected.
The research also found that crypto users in the US have remained constant. largely unchanged.
“While relatively few Americans overall say they have ever invested in, traded or used cryptocurrencies, the vast majority of Americans have heard about them,” Michelle Faverio and Navid Massarat wrote in the research report.
The 88% of respondents, which is almost nine out of ten Americans, had heard about cryptocurrency. 26% of this number said they have “heard a lot” about cryptocurrencies.
Almost 50% of the respondents also said they’ve heard about non-fungible tokens (NFTs). The report also stated that only 2% of respondents have purchased NFTs.
Crypto bear market
The July survey was conducted from 5-17 July, after the mid-June selloff, which compounded bear market pain. Bitcoin prices fell to $17,600, and ether dropped below $1,000.
In fact, by that time, the cryptocurrency market had lost more than $2 trillion. Many crypto companies went bankrupt due to contagion.
Bitcoin and Ether traded at $19 930 and $1,475 after Friday’s sell-off.