{"id":6624,"date":"2022-08-24T04:11:55","date_gmt":"2022-08-24T04:11:55","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=6624"},"modified":"2022-08-24T04:11:55","modified_gmt":"2022-08-24T04:11:55","slug":"nearly-half-of-us-adults-say-their-crypto-punts-are-worse-than-expected-survey","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=6624","title":{"rendered":"Nearly half of US adults say their crypto punts are worse than expected: Survey"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Amid the ongoing crypto winter, new data from a Pew Research Centre survey has shown that 46% of adult crypto users in the United States are seeing lower than expected returns on their crypto investments. <\/p>\n<p>The survey gathered responses from over 6,000 randomly-selected adults across the United States, with panelists participating in self-administered web surveys. <\/p>\n<p>Conducted from July 5 to 22 of this year, the majority of respondents who said they had invested in crypto said they saw lower than expected returns than expected while only 15% of people surveyed said their crypto investments had done better than expected. Meanwhile, around 31% said it was &#8220;about the same as they expected.&#8221; <\/p>\n<p><em>Source: Pew Research Center<\/em><\/p>\n<p>It\u2019s unfortunate, given the vast majority of crypto user respondents said they became interested in\u00a0cryptocurrency because they were looking for a \u201cdifferent way to invest,\u201d and thought it was a \u201cgood way to make money.\u201d<\/p>\n<p>Women made up over half of the respondents and people over 50 years old represented the largest sample size. Overall, only 16% of total respondents said they had invested, traded, or used a cryptocurrency at some point in their lives. <\/p>\n<h3>U.S. investors piled into crypto in its heyday<\/h3>\n<p>The high proportion of disappointed crypto investors could be attributed to a sharp rise of crypto adopters in the country in 2021 when the market was at its all-time high. <\/p>\n<p>Cointelegraph previously reported that roughly 70% of crypto hodlers in the U.S. started investing in cryptocurrencies such as Bitcoin (BTC) in 2021, the year that saw BTC reach an all-time high (ATH) of roughly $67,582 on November 8, 2021.<\/p>\n<p><em>Source: Pew Research Center<\/em><\/p>\n<p>Massive institutional adoption, growth in altcoins, easier access to cryptocurrency trading, and celebrity endorsements were all cited as possible reasons for the huge spike. <\/p>\n<p>However, most people who jumped into the crypto market during the 2021 boom are likely to be feeling the pain now, with Bitcoin plummeting over 69% from its ATH to $21,403, and Ethereum (ETH) falling 66% from its ATH to $1,640. <\/p>\n<h3>Boomers and Gen X<\/h3>\n<p>A separate poll by financial service provider deVere Group found nearly half of their more than 700 Baby Boomer (born between 1946 and 1964) and Generation X (born between 1965 to 1985) clients from all over the world already own cryptocurrency or are planning to buy it before the end of 2022. <\/p>\n<p>Nigel Green, deVere Group CEO and founder believes most people born between 1965 and 1980 are investing as &#8220;part of a wider retirement planning strategy.&#8221;<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>3.6M Americans to use crypto to make a purchase in 2022, research firm predicts<\/em><\/strong><\/p>\n<p>However, he also cautioned anyone from investing in crypto without first seeking professional advice, &#8220;As this year has proven again, the crypto market remains known for its volatility.&#8221; <\/p>\n<p>&#8220;Therefore, retirees or those on the cusp of retirement need to bear this in mind and not over-commit, as this could put the wider retirement strategy in jeopardy.&#8221; <\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/nearly-half-of-us-adults-say-their-crypto-punts-are-worse-than-expected-survey\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid the ongoing crypto winter, new data from a Pew Research Centre survey has shown that 46% of adult crypto users in the United States are seeing lower than expected returns on their crypto investments. The survey gathered responses from over 6,000 randomly-selected adults across the United States, with panelists participating in self-administered web surveys. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-6624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6624"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6624\/revisions"}],"predecessor-version":[{"id":6626,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6624\/revisions\/6626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/6625"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}