Half of US Investors Expected More from Bitcoin

Out new research The Pew Research Center found that 46 percent of crypto investors in the United States expected more from Bitcoin. The study was conducted among a group of 6,000 random adults in the United States over the period July 5 to 22. Only 15 percent of respondents indicated that their crypto investments performed better than expected.

16 percent of women invest in crypto

Half of the respondents in the survey are women, of which 16 percent say they have invested or traded with crypto. The vast majority of respondents became interested in crypto as they are looking for new ways to invest and thought it was a way to make quick money. The current bear market has thrown quite a spanner in the works in that regard.

In 2021, everyone was still convinced that it was only a matter of time before Bitcoin would tap the 100,000 dollar mark. However, that rate was never achieved and the rate is now even dangling at 20 percent of that expectation. Interestingly, 15 percent of respondents say their investments are performing better than expected.

Americans invested massively in 2021

The high percentage of disappointed respondents stems from the sharp increase in the number of investors. During the 2021 bull market, the number of US investors, like Bitcoin, reached an all-time high. Cointelegraph reported last year that 70 percent of investors in the United States started in 2021.

2021 was the year of institutional adoption, the growth of altcoins, better access to crypto trading and many celebrities who ventured into crypto. However, all these positive developments have failed to keep Bitcoin above water. While we are still technically trading above the all-time high of 2017, we cannot say that Bitcoin and the rest of the market are doing well right now.

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