46% of US Crypto HODLers Not Satisfied With Their Investment (Study)

A recent survey conducted by the Pew Research Center estimated that 46% of US cryptocurrency investors believe that their entry into the market has gone worse than expected. Only 15% admitted that their investments have turned out to be more successful than first thought.

The study further revealed that the share of crypto investors in the US had remained relatively the same compared to figures from last September. The lack of significant changes comes despite bitcoin reaching its all-time high in November and the subsequent bear market that followed months later.

American investors expected more

The research conducted in mid-July shows that almost 50% of the US crypto HODLers did not think their investment will be in the state it is today. 31% said they expected this result, while only 15% said their allocation turned out better than expected.

Despite major industry events, such as bitcoin hitting an all-time high of nearly $70,000 in November and the ongoing bear market, the share of US cryptocurrency investors hasn’t changed drastically since September.

The roughly 16% of Americans who distributed some of their wealth in the asset class said the main reason for doing so was because they were looking for alternative investment options. 75% believe dealing in crypto is a good way to make money, while 54% said it is easier to invest in bitcoin and altcoins than in other products.

The average profile of the US crypto HODLer hasn’t changed much either. 42% of men aged 18 to 29 have allocated funds in crypto. On the contrary, only 9% of women have entered the market. It is worth mentioning that minorities, including Hispanics, Blacks and Asians, are more active in the digital asset scene.

Awareness of cryptocurrencies is at a very high level. About 90% of the participants have heard at least a little about the sector, while 26% said they have a good knowledge of the matter.

US Millennials and their attraction to crypto

When we talk about young individuals investing part of their funds in cryptocurrencies, it is worth noting the millennials. Another survey conducted by Alto revealed that 40% of Americans born between 1981 and 1996 own digital assets.

Moreover, most non-HODLers admitted that they have considered the possibility of entering the ecosystem in the near future. Eric Satz – founder and CEO of Alto – explained that the current macroeconomic situation is stopping some of those willing to invest in crypto. But things could change as the global economy begins to recover:

“In a world of conspicuous consumption, high costs of living and mounting student loan debt, millennials are finding it difficult to invest for the future because they struggle to afford the present.”

Interestingly, the proportion of American millennials who have diversified their portfolios with digital assets is greater than that who invest in mutual funds.