60% of Americans think investing in cryptocurrency is risky (Poll)

CNBC’s “Your Money Poll” estimated that 60% of US respondents believe the risks of investing in cryptocurrency are high.

Only 5% of respondents think it is completely safe to allocate some wealth to this asset class.

Crypto seems more dangerous to Americans

The decline in the cryptocurrency market, as well as various negative events in the sector, have had an impact on sentiment among many Americans. Latest CNBC Research It found that 60% of respondents in the US think cryptocurrency investments are too risky, up from 45% in August 2021.

26% believe that deep diving into bitcoin and altcoins hides a “moderate” risk, while only 5% see them as completely safe.

Crypto investors have also lost some confidence, with 60% claiming that there is a real chance of massive losses when trading the asset class.

10% of the research participants indicated that they are HODLers. Millennials are the most active demographic, with 15% of them owning any cryptocurrency. Generation Z and Generation X follow closely at 12% each.

Young people are diversified with cryptocurrency

Bank of America (BoA) also conducted a survey that showed that 75% of US residents between the ages of 21 and 42 believe that it is impossible to achieve above-average returns relying solely on traditional financing. In their view, diversification with alternative assets such as cryptocurrency, real estate, private equity, and commodities can lead to better future returns.

Another CNBC survey in 2021 revealed that millennial millionaires have invested at least 25% of their money in digital assets.

When bitcoin charted an all-time high in November 2021, young Americans were willing to receive a portion of their paychecks in cryptocurrency instead of fiat. Generation Z (those under 23) were the most supportive, with 50% wanting this option.

The post 60% of Americans Think Cryptocurrency Investments Are Risky (Poll) appeared first on CryptoPotato.

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