According to research conducted by crypto exchange Huobi Group, nearly 7 out of 10 cryptocurrency holders entered the market in 2021.

Despite the growing interest in the cryptocurrency category, around 25% of survey respondents believe it is just a scam or a bubble that will collapse at any moment.

70% of cryptocurrency investors entered 2021:

Huobi survey of more than 3,000 people.

The company conducted the survey in mid-December 2021, while the results were released on January 13.

The survey revealed that the vast majority (68%) started investing in the crypto market last year.

By comparison, only 9% said they jumped on the crypto bandwagon more than four years ago.

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46% of investors disclosed that they invest $1,000 or less in the cryptocurrency category.

Meanwhile, 25% admitted that they invested between $1,000 and $10,000.

More than 50% of respondents also said they have heard of non-fungible tokens NFT and Metaverse, while 25% are aware of DeFi.

While most cryptocurrency owners surveyed support the statement that digital currencies may change the definition of current money.

On the other hand, many skeptics of the cryptocurrency category see its future as bleak and not beautiful.

This and 42% answered that cryptocurrencies are risky.

And 34% expressed concern about the lack of comprehensive regulations in this area.

Jeff Mei, director of global strategy at Huobi Group, said:

Cryptocurrencies still have a long way to go before becoming mainstream.

If there is more clarity on global regulations, we can expect to see a rise in participation in this young arena.

More than 25% of Americans own Bitcoin:

About a month ago, the investment firm Grayscale reported similar results.

26% of US investors already own bitcoin, while 55% have entered the cryptocurrency market in the last 12 months.

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Additionally, nearly 60% of all respondents admitted that they are interested in investing in digital assets, hinting that the proportion of holders could continue to increase.

Michael Sonnenchin, CEO of Grayscale, commented:

The study findings confirm that more investors are seeing long-term value in adding bitcoin and cryptocurrencies to their portfolios.

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