41% of Americans Say They Won't Ever Invest In Cryptocurrencies
The survey comes during a year when the value of cryptocurrencies, including Bitcoin, have plummeted from a $20,000 high in December. As of Wednesday, the price of a single Bitcoin stands at roughly $6,300. Much of the excitement around cryptocurrencies from 2017 has given way to concerns about how to regulate Bitcoin and other so-called digital currencies.
Another interesting tidbit from the research: Those earning more than $100,000 annually are less likely to invest in cryptocurrencies than those with lower earnings.
Based on the survey, 6% of those with over $100,000 in annual household income own some cryptocurrencies. In comparison, about 11% of those earning between $50,000 to $74,900 can say the same. And an even higher percentage of those earning less than $50,000 claim to hold crypto: About 7%, according to the survey.
“If these potential investors have access to better information and cut through a lot of this noise, that could be a big opportunity for crypto,” said Winkelspecht.
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