Survey Reveals Crypto Investment Goals and Fears of Bank Users
Crypto Investment Goals and Fears of Banking System Users
- 26% of banking users are ready to invest $100 per month into cryptocurrencies.
- 25% of the users are afraid to lose money in crypto, while 13% don’t know what coins to buy.
- 53.1% want to earn passive income by staking their crypto assets, while 47% believe that HODLing for the long term could be a better idea.
Survey Overview
A survey taken by Choise.com among its one million users revealed that roughly 26% of banking system users are ready to invest $100 per month into cryptocurrencies, with only 14.6% expressing excitement for more than $1,000 monthly investment in digital assets. On the other hand, 25% of the users are afraid to lose money in crypto while 13% still do not “know what coins to buy”. 33% said they do not have extra savings to invest in cryptocurrencies.
Investment Goals
The survey showed that 53.1% of respondents wanted to earn passive income by staking their crypto assets, while 47% believed that HODLing for the long term could be a better idea. 33% voted for mining-related activities and 25%, for day trading as an investment goal.
Readiness To Invest
Iuliia Goncharova, growth product manager at Choise.com concluded that many of the users expressed enthusiasm about creating a new stream of income despite most not being ready to invest more than $100 in virtual currencies. A February survey revealed 80 percent of Americans believe that the traditional financial system does not operate properly and almost 50 million people in the US still have their cryptocurrency investments despite bear market conditions lasting over a year now.