Share of Americans invested in cryptocurrency grows by 125% despite crypto winter

According to data acquired
by Finbold, the share of Americans investing in crypto surged by 125% between
the summer of 2020 and 2022. In 2020, only 8% of Americans had invested in
crypto, while as of 2022, the value stands at 18%.

The growth trajectory is
also reflected in the number of investors intending to participate in crypto.
As of the summer of 2020, only 11% of Americans had plans to venture into
crypto, while in 2022, the figure grew by 36.36% to 15%.

Investors able to
stomach volatility

Amid the downturn in the
market, the research identified potential drivers for investors to show
resilience and continue betting on different assets. According to the research

“Notably, the growth
indicates the investors in question can stomach the volatility. Such investors
likely understand crypto is still an emerging asset class and technology whose
impact on the general finance sector is yet to be fully known. In this line,
some investors opt to ignore the short-term price volatility and focus on
potential future growth.”

However, there still
lingers uncertainty that might impact the general crypto market. Notably, the
extent of the prevailing macroeconomic factors and the regulatory debate will
potentially influence the continued involvement in the sector.