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In 2022, 98% Crypto Holders Are Going To Double Down on Digital Assets

By:
Aaryamann Shrivastava
Updated: Jan 21, 2022, 13:23 UTC

In fact, more women than men are looking forward to buying crypto this year as opposed to the current status, which is twice.

In 2022, 98% Crypto Holders Are Going To Double Down on Digital Assets

With more people entering the crypto market, it becomes apparent that there is a strong demand for digital assets like Bitcoin. As we head into 2022, it is important to gauge the investors’ confidence in cryptocurrency to get an idea of where the market could end up by year-end.

Americans Are Optimistic About Crypto

According to a recent survey by Voyager, over 64% of the surveyed Americans have faith in cryptocurrency to gain higher value this year. The Crypto Confidence Survey was conducted in order to understand Americans’ sentiment towards crypto.

Firstly over a quarter of members of all age groups surveyed are interested in crypto. About 36% of Gen Z, 43% Millennials, and 31% of Gen X are likely to buy some of the other cryptocurrencies in 2022.

In fact, about 48% of all surveyed Americans are of the opinion that cryptocurrencies are going to be widely accepted everywhere before 2025.

But most of the weight falls on the investment opportunities that these digital assets present. In fact not only do they see it as a successful medium of investment, but they also believe that crypto can serve as a good store of value. Some even consider it to be an easy-to-use medium of exchange.

Faith in the purpose of crypto | Source: Voyage

However, the lack of awareness and education concerning crypto is what keeps most Americans away. Over 50% of people believe that they could own much more cryptocurrency if they were better versed in it. 

Education on this subject could further improve the heterogeneity of investors which is also backed by the rising interest from women.

At the moment American men are twice as likely as women to own crypto. However, in 2022, more women might end up buying crypto than men would.

Distribution of interest in crypto | Source: Voyage

Conclusively 98% of crypto owners will buy crypto again in 2022. This is a significant improvement compared to last year. As per a survey from August 2021, only 37% of people from all age groups combined were interested in investing in crypto for the long term.

This Growth Is Probably Because…

Global adoption of digital currencies is increasing. In fact in Canada more than half the people want their wages to be given to them in the form of crypto. It is events as such that tie people to a community and as the crypto community grows over the globe, so will its demand and usage.

Although some of the concerns coming from people do make sense since the crypto market is a very volatile place. Just yesterday the market witnessed a major sell-off during which over $117 billion was lost. But considering the confidence of investors, hopefully, this phase will pass soon.

About the Author

Holding a Mass Media Degree has enabled me to better understand the nitty-gritty of being a journalist and writing about cryptocurrencies’ news and price movements, effects of market developments, and the butterfly effect of individual assets nurtured me into a better investor as well.

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