The popular media outlet CNBC recently conducted a survey in the United States. The survey was directed at finding out the figures of investors in the region. A chemical manufacturing company Momentive partnered with CNBC to make the survey possible. The results of the survey were published by CNBC recently. The data from the polls indicate that 1 in 10 people in the USA is a cryptocurrency investor.
Considering the continued procedure of money printing and the devaluation of the dollar, it is no surprise that many people are looking for a good enough store of value. Not many people have access to the gold market and an understanding of the stocks. Therefore, cryptocurrencies allow investors to instantly access an exchange with their mobile phones and start very small without having to deal with any sort of third-party registration.
Survey Reveals People have Positive Sentiment for Bitcoin
The statistics of the report published by CNBC show that more than 5000 participants took part in the survey. The polls were open on August 4th and 9th. It is worth noting that during this time, Bitcoin broke out of market stagnation after three months of bearish movement. Thus far, 11% of the US adults have already invested in one type of cryptocurrency or the other.
The data indicate that 65% of the cryptocurrency investors have started since last year. The survey also covered several points concerning the expectancy from the Bitcoin market. 60% of crypto investor believes that Bitcoin is going to generate profits for them in the long term. On the other hand, there are 44% of the market participants believe that Bitcoin is ready for gaining more value in the short run. Meanwhile, 33% of the total market investors claimed that they chose Bitcoin due to the ease of access.
According to the results of the survey conducted by CNBC and Momentive, almost 26% of the crypto investors claimed that they got interested in the market because of the excitement and hype around it. When it comes to the survey, the wisdom of the group may have a better chance to help out people better. More than 44% of the crypto investors claimed that they had no idea where BTC is going to be placed by the end of 2021.
21% of the investors said that Bitcoin might be higher in comparison to the present. Meanwhile, 14% believe that it is going to remain at the same level, whereas the remaining 14% think that it could also go lower than the current price mark. It was also noted that the investors who started in the Bitcoin market recently are more bullish in comparison to those who started earlier than last year.