According to a survey released by the University of Chicago, more than one in ten Americans have invested in cryptocurrencies in the past year.
The increasing popularity of digital currencies such as Bitcoin and Ethereum is likely to be stimulated by the soaring crypto prices. In fact, most cryptocurrency investors (61%) have bought in the past six months, According to NORC.
Compared with traditional stocks, cryptocurrencies are also becoming more and more popular among women and investors of color.
Angela Fontes, vice president of economics, justice and society at the University of Chicago NORC, stated in a statement that cryptocurrencies are providing investment opportunities for more diverse investors, which she described as “a A very good thing”.
Fontes said: “It is very important for these investors to have reliable information when making decisions related to these often more volatile investments.”
Bitcoin According to a CNBC report, it hit a high of approximately US$63,000 in mid-April, an increase of 116% from approximately US$29,000 in early 2021.
The survey found that compared with retail stock investors, cryptocurrency investors tend to be younger and more diverse in terms of gender, race, and ethnicity.
The average age of cryptocurrency investors is 38 years old, while equity investors are 47 years old
