Poll: Most Cryptocurrency Investors Hold Their Cryptocurrency
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Answer Poll: Most Cryptocurrency Investors Hold Their Cryptocurrency
According to report New published by consumer intelligence research platform CivicScience About 54% of investors have not sold their cryptocurrency in the past few months.
While nearly a quarter of cryptocurrency investors have sold almost all of their holdings.
According to the same report, twenty percent of the respondents sold only a small amount of cryptocurrency.
Unsurprisingly, there is a direct relationship between an individual’s income and their ability to hold their cryptocurrency stock.
Those investors who earn more than $150,000 a year usually have a high level of conviction, with nearly 70% of them selling nothing within the past few months.
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Conversely, the majority of those with an annual income of less than $50,000 have sold all or at least some of their crypto holdings.
Overall, nearly 20% of the general population has already invested in cryptocurrencies.
The percentage of those claiming that cryptocurrency volatility is affecting their willingness to invest in digital assets, such as Bitcoin, Dogecoin and Ethereum, rose from 54% in January to 58% in July.
This suggests that the recent crash has made cryptocurrencies less attractive to risk-averse investors.
Only a fifth of investors believe that the cryptocurrency has not reached its peak in popularity, once again confirming that it is currently in a bear market.
The main reason investors are reluctant to take exposure to cryptocurrencies is their lack of legitimacy, according to 30% of respondents.
The respondents are also hesitant and do not dip their fingers into the cryptocurrency because they do not understand it.
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Some are also concerned about the extreme volatility of cryptocurrencies.
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