Huobi Reports: 70% of Crypto Investors Joined in 2021 (Survey)

Huobi

According to a study conducted by leading digital asset platform Huobi Group, nearly 7 in 10 crypto holders entered the market in 2021. Despite growing interest in the asset class, around 25% of participants believe that “everything is a scam/bubble,” which will collapse, finds the investigation.

7 in 10 Entered The Crypto Ecosystem Last Year

Huobi’s poll consisted of more than 3,000 people. The company conducted it in mid-December 2021, while the results were released on January 13.

Almost all of the third-party participants admitted that they currently hold crypto. Further analysis revealed that the vast majority (68%) started investing last year. By comparison, only 9% said they jumped on the crypto bandwagon more than four years ago.

46% of investors revealed they had allocated $1,000 or less in the asset class. At the same time, 25% admitted investing between $1,000 and $10,000.

Awareness of emerging trends is also at a high level. Over 50% of participants said they had heard of non-fungible tokens (NFTs) and the metaverse, while 25% were aware of decentralized finance (DeFi).

While most crypto owners from the survey support the statement that digital assets may transform the definition of money, many skeptics of the asset class outlined a gloomy future. 42% view cryptocurrencies as “too risky,” and 34% are concerned about the lack of comprehensive regulations in the space.

Interestingly, one in four respondents felt that bitcoin and altcoins are a “scam/bubble”, which will collapse.

In conclusion, Jeff Mei – Director of Global Strategy at Huobi Group – said crypto still has a long way to go before becoming mainstream. If there’s more clarity on global regulations, “we can expect to see a spike in participation,” he envisioned.

Over 25% of Americans own BTC

Almost a month ago, Grayscale Investments released the results of another similar search. According to her, 26% of US investors already own bitcoin, with 55% of them having entered the crypto market in the past 12 months.

In addition, almost 60% of all participants admitted they are interested in digital asset investments, hinting that the holders’ percentage could continue to increase.

“The results of the 2021 Bitcoin Investor Study confirm that more investors are seeing long-term value in adding Bitcoin and digital currencies to their investment portfolios,” commented Michael Sonnenshein – CEO at the time. Grayscale Investments.

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