Survey: 54% of crypto investors did not sell assets during the market downturn
Most of those who continued to hold digital assets have incomes of $150 000 or more
10.08.2022 - 08:15
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What’s new? Analytics firm Civic Science has released the results of a survey of crypto investors, which showed that more than half of respondents had not sold assets during the market downturn. In this, low-income investors turned out to be the main group of sellers.
What other data has been released? Civic Science highlighted that June 2022 was a tough month for cryptocurrencies. 46% of investors reported that they had sold at least a small portion of their assets, of which 26% had cashed out most or all of their investments.
Among investors with the lowest incomes (up to $50 000), 39% of respondents sold all or most of their assets. At the same time, among investors with $150 000 or more in assets, only 19% sold most of their investments. 21% note that the collapse of the cryptocurrency market has a significant negative impact on them or their acquaintances.
According to the survey among those who do not invest in cryptocurrencies, the main reasons for not investing in this type of asset at the end of July were called doubts of legality (30%), lack of understanding of the sphere (28%), and high volatility (23%).
Earlier, the research company The Balance released the results of the survey, according to which 39% of Americans increased investments in cryptocurrency amid the market downturn, as they “change their investing and savings habits amid a withering economic outlook.”
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