Not happy with your crypto-returns? Survey says you’re not alone

ambcrypto.com:

In light of the ongoing crypto-winter, 46% of adult cryptocurrency users in the United States are reporting lower than expected returns on their investments. This, according to a Pew Research Centre survey. 6,000 randomly selected individuals from around the United States took part in the same by completing self-administered online questionnaires.

Only 15% of those asked claimed their cryptocurrency investments had performed better than expected in the survey. Most of the respondents who said they had invested in cryptos reported seeing poorer returns than anticipated. Approximately 31% of respondents claimed it was “roughly what they expected,”

The purpose of people’s cryptocurrency investments is another topic covered in the latest study. About three-quarters of the 16% of Americans who claim to have ever traded, invested in, or utilized a cryptocurrency indicate that one major or minor motivation is because they seek an alternative form of investing (78%) or think it is a successful way to make money (75%).

According to 54% of respondents, the ease of entry into cryptos, compared to other investment options, is at least a minor factor. Smaller percentages cite wanting to be a part of a community (33%) and being more confident in cryptocurrencies (39%) as at least secondary reasons for investing. People over 50 had the greatest sample size, and more than half of the responders were women.

The nation saw a huge increase in cryptocurrency adopters in 2021 when the market was at its peak. Soon after, however, the market crashed. This may be the reason behind the huge number of disgruntled cryptocurrency investors.

Bitcoin hit its all-time high of approximately $67,582 on 8 November 2021. It was the year when roughly 70% of