The Pew Research Center carried out a survey including some crypto investors in the US. The survey shows that most of them invested in crypto since they considered it a good way of making money. In fact, this sentiment seems a common one among crypto investors across various countries in the world. However, given the present scenario of the crypto market, such expectations of the crypto investors seem to have backfired.
Moreover, recently obtained data suggest that the bad run of the crypto market would continue for some more time. As such, the investors are likely to suffer for a longer period than they might have expected.
In fact, at present, there are multiple factors that are contributing to this extended pathetic run of the crypto industry. If the upcoming Jackson Hole is one such factor, then the crypto winter is yet another one. In such a scenario, the Pew Research Center conducted a survey with some crypto investors. The result of that survey shows that around 46% of adult crypto users in the US are getting lower than expected returns on their crypto investments.
If you wish to know more about the survey, then this article is a perfect stop for you. Keep reading the article to know more about the Pew Research Center survey.
The Survey
The Pew Research Center recently conducted a survey. For that survey, they gathered the responses of more than 6,000 randomly-selected adults in the US. The Pew Research Center conducted the survey from July 5-22 of this year. The findings of the survey show that a majority of those adults who invested in the crypto market stated that they witnessed lower than expected returns on their crypto investments.
Again, only 15% of the adults claimed that their investments are performing better than they had expected. Yet another 31% of the respondents claimed that their crypto investments are performing as per their expectations.
The survey also brought forth an interesting, yet shocking fact. As per the survey, most of the crypto investors stated that they started investing in crypto since they considered it a good way of making money.
US Investors Flocked to The Crypto Market in 2021
As per the survey, the majority of investors are not happy with the returns from their crypto investments. There is every possibility that those investors might have joined the market in 2021. At that time, the crypto market was at its peak. In fact, a report published by Cointelegraph on the 14th of January showed an interesting stat. According to the report, around 70% of the crypto investors in the US joined the crypto market in 2021.
However, now things have changed for those investors. The positive growth of the crypto market attracted them back in 2021. Therefore, they are the ones who will suffer the most due to the sharp drop in the market.
Concluding Lines
Therefore, the survey by the Pew Research Center shows that most adult crypto investors are feeling the burn of the crypto market at the present. However, another survey conducted by DeVere Group shows that a majority of their Generation X and Baby Boomer clients either own cryptocurrencies or are planning to get their hands on some, before 2022 ends.
Also read: Future Of Cryptocurrencies And Factors Like The Jackson Hole
