Benzinga - A survey conducted in the United States found that nearly one-third of the respondents previously bought cryptocurrencies but eventually sold them.
What Happened: ConsenSys and YouGov in a survey titled ‘A Global Survey on Crypto and Web3' interviewed 1018 individuals between the ages of 18 and 65, who are US residents. Approximately 43% of Americans consider investing in cryptocurrency, while the majority do not. At least 18% have actually made the decision to invest.
The primary motivations behind investing are curiosity and the desire to diversify their investment portfolios. It is interesting to note that Bitcoin (CRYPTO: BTC) continues to be the most popularly owned cryptocurrency in the US.
Will Crypto Adoption Increase In 2024? Ask industry experts directly at Benzinga’s Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won’t just be a passive spectator. Don’t let this chance slip away – secure early bird discounted tickets now!
Among the investors who have invested in crypto, their portfolios consist of a mix of utility-centric coins, stablecoins, and meme-based assets.
Bitcoin, Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) were identified as the top three crypto assets held by American investors, with weighted percentages of 58%, 37%, and 26%, respectively.
Shiba Inu (CRYPTO: SHIB) emerged as the sixth most popular crypto asset among American investors, with approximately 17% of respondents allocating their funds to this asset.
See More: A Stay At The Floating Palace From James Bond's ‘Octopussy
Why It Matters: Due to the uncertainty surrounding the crypto landscape, a majority of the survey respondents who were familiar with cryptocurrencies expressed the belief that this asset class should be “heavily regulated” in order to protect investors.
The majority of Americans believe that the current financial system is functioning “well.”
Interestingly, over 98% of U.S. participants are familiar with cryptocurrencies.
Photo by Morrowind on Shutterstock
Read Next: Bitcoin, Ethereum, Dogecoin Trade Mixed As Investors On Edge Due To Macroeconomic Factors: Analyst Says Looks Deceptive When It Comes To King Crypto, Potential Shift Incoming
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.