According to the latest survey posted by Finder on Oct 14 cryptocurrency investments in the US have increased twofold since last year, which is from just under eight percent (7.95%) in 2018 to over fourteen percent (14.4%) in 2019.
Finder, an investment advising company from Australia, has revealed in a survey that a rising number of Americans possess crypto assets today. However, it is far from being widely accepted.
Cryptocurrency investments in the US are about as complex as the regulations there. Although it is one of the biggest markets for the cryptocurrency industry, each state defines the term “cryptocurrency” in their own different ways. There is no consistent legal approach when it comes to legalizing these assets. But it seems that it hasn’t deterred Americans from investing as the interests in crypto has increased almost by eighty-one percent (81%) in one year.
Have you invested in Crypto yet? According to Finder, 36.5 million Americans have.https://t.co/qmbcL8ZirV
— Finder (@finder) October 14, 2019
Cryptocurrency investments proliferate in 2019
A survey involving two thousand sixty-eight participants suggests that over thirty-six million Americans are proud owners of cryptocurrencies. Of these, the average amount held in the form of digital assets is close to five thousand four hundred and forty-seven dollars ($5447), and nearly three-quarters of the respondents actually hold an amount less than the stated.
Meanwhile, it is also interesting to note that a majority of American crypto investors believe in diversifying their crypto portfolio as more than fifty-five percent (55.4%) participants, owning Bitcoin, confirmed that they hold more than just one crypto asset. This implies that Bitcoin may not be the king here, after all.
A large portion of American cryptocurrency investors, however, are found to be males with nineteen percent (19%) males as opposed to just ten percent (10%) females. The ratio equals to around…