LONDON, Jan. 13, 2022 /PRNewswire/ — 2021 was a standout yr for the cryptocurrency trade, as practically 7 in 10 crypto holders began investing in 2021, based on new information from Huobi Group. Whereas crypto data amongst mainstream audiences stays low (Greater than 40% of respondents stated they had been “not very educated” or “in no way educated” about digital belongings.), the numerous uptick in investing during the last yr suggests extra individuals will look into crypto investments as consciousness of the trade grows.
The outcomes are part of Huobi’s new report Crypto Notion Report 2022, which explores how the typical individual views cryptocurrencies, their ideas on rising developments, and in the event that they plan on investing within the house sooner or later. Launched as we speak, the examine polled greater than 3,000 individuals in mid-December 2021 and assessed respondents’ data of cryptocurrencies, how they really feel about its sudden rise, whether or not they’re investing in crypto or not, and extra.
Regardless of crypto’s banner yr in 2021, many survey respondents nonetheless reported considerations that prevented them from investing in it. Almost 25% of respondents believed that “it is all a rip-off/bubble and going to break down”, whereas 42% reported feeling ambivalent about its future or that they did not know sufficient about it. That being stated, 19% of respondents had been robust believers within the rising asset class, supporting the assertion that crypto could rework the definition of cash sooner or later.
Different key findings from the report:
- Skepticism and lack of funds hinder development in crypto investing. 42% of respondents felt it was too dangerous, and 34% had been involved concerning the lack of market rules. 25% of survey respondents stated flat out that they did not have sufficient capital to put money into crypto.
- Audiences are conscious of rising developments. Greater than half of respondents stated that they had heard of NFTs and the “metaverse,” two of the largest crypto-related developments of 2021. 25% had been conscious of DeFi, or decentralized finance.
- Crypto holders have a extra optimistic outlook on the trade. 28% of respondents reported that they owned crypto investments; deeper evaluation revealed that the overwhelming majority (68%) of those holders had solely begun investing throughout the final yr.
- Crypto funding holdings stay low-for now. 46% of respondents reported having $1,000 or much less invested within the asset class, with one other 25% reporting that they owned between $1,000 and $10,000 price of crypto.
“Because of the rise of DeFi, NFTs, and different rising sectors, crypto has seen curiosity from the on a regular basis client develop considerably during the last yr or so. Nonetheless, we nonetheless have a protracted strategy to go earlier than mainstream adoption will occur. As soon as extra individuals take the time to grasp the trade and there is extra readability on world rules, we will anticipate to see a spike in participation,” stated Jeff Mei, Director of World Technique at Huobi Group.
Cryptocurrency consciousness will proceed to develop in 2022, as extra rising sectors achieve traction and crypto investing turns into extra mainstream. Whereas solely 28% of survey respondents reported proudly owning crypto, one other 25% stated that although they did not personal crypto in the mean time, they did plan to personal it sooner or later.
To entry the complete report, please go to right here.
About Huobi Group
Huobi Group, a world-leading blockchain firm, was based in 2013 to make breakthroughs in core blockchain expertise and additional the mixing of blockchain expertise with different industries. Huobi Group has expanded its services and products to public blockchains, digital asset buying and selling, wallets, mining swimming pools, proprietary investments, venture incubation, digital asset analysis, and extra. Huobi Group has established a worldwide digital ecosystem via investing in over 60 upstream and downstream corporations throughout the blockchain trade.
SOURCE Huobi Group