- At 46% the majority of US crypto users are unhappy with the performance of their crypto investments.
- The percentage of crypto users in the country is unchanged (at around 16%) since last year.
- About 50% of those surveyed know about NFTs, 2% have bought them.
Nearly half of Americans who invest in crypto, including the top two by market cap Bitcoin (BTC) and Ethereum (ETH), say the asset has performed “worse” than expected.
46% of crypto users are ‘disappointed’ by returns
A new report recently published by the Pew Research Center revealed that of the 16% of American adults who say they have ever bought, traded or used cryptocurrencies, about 46% are unhappy with the outcome of their investment.
But while most people expressed dissatisfaction about the overall performance of their crypto holdings, at least 15% said they saw better-than-expected returns. Another 31% said that their crypto investments have performed as expected so far.
Notably, research found that the number of crypto users in the US remains largely unchanged.
,While relatively few Americans overall say that they have ever invested in, traded or used cryptocurrencies, most Americans have heard of them.Michele Favrio and Navid Massarat wrote in the research report.
He noted that about 88%, or nine out of every ten Americans, had heard of crypto. 26% of this number said they had “heard a lot” about cryptocurrencies.
Almost 50% of the respondents also said that they have heard of non-fungible tokens (NFTs). However, only 2% have bought NFTs, the report said.
crypto bear market
The survey, conducted in July (5-17), came after a selloff in mid-June that added to the pain of a bear market and saw the price of bitcoin hitting a low of $17,600 and ether below $1,000.
In fact, the broader cryptocurrency market had lost over $2 trillion in total value by then, with many crypto companies going bankrupt amid the transition.
Bitcoin and Ether, currently trading near $19,930 and $1,475 respectively, reached their all-time highs in November 2021 above $69,000 and $4,800, after another selling pressure on Friday.