EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

60% Of Americans See Crypto Investing As Highly Risky

Admin by Admin
December 13, 2022
in Crypto News
0
Bithumb Largest Cryptocurrency largest Shareholder Exec Dies By Suicide
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter
MMC MMC

The majority of Americans increasingly see crypto as a chancy investment. About 60% of Americans believe investing in digital currency is highly risky.

Younger generations, however, appear to be more willing to take a chance on crypto investing than older generations.

About 38% of Gen Zers (defined here as 25 and under) and 46% of millennials (defined here as ages 26 to 41) say crypto investing is highly risky. On the other hand, a little over 60% of Gen Xers (defined here as age 42 to 57) and around 80% of baby boomers, and the silent generation (defined here as age 58 and older) consider it to be high-risk.

The crypto market has lost a little over $2 trillion since last year. On top of that, one of the world’s largest cryptocurrency exchange platforms, FTX, went from a $32 billion valuation in January to filing for bankruptcy on Nov. 11. Blockfi, another distressed crypto firm, filed for bankruptcy shortly after, on Nov. 28.

Crypto remains among the least popular investments: Only about 10% of Americans say they own any, according to the survey.

Among those that do, millennials are the biggest fans of virtual currency. About 15% of millennial respondents say they own crypto, compared with 12% of Gen Zers and Gen Xers, and less than 5% of baby boomers and the silent generation.

For many younger investors, the interest in crypto is due to the lottery-ticket atmosphere, where it appears that you can get rich quickly.

However, with the price of bitcoin, the largest cryptocurrency by market value, hovering substantially lower than its Nov. 2021 highs, as of Dec. 12, confidence in crypto investing appears to be waning among investors of all ages.

Unlike stocks and bonds, crypto doesn’t derive its value from an underlying entity. As it’s considered to be a highly volatile asset that is subject to erratic price fluctuations, financial experts typically advise against investing more than you’re willing to potentially lose.

With crypto coins, you’re not buying a profit interest in a business. Rather, it’s more like you’re buying an arcade token and hoping someone will pay you more for it later on.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: Cryptoinvest
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

US Senator, Jon Tester Slams Crypto Existence

Next Post

Celebs Are Being Sued for Shilling Expensive Bored Ape NFTs

Admin

Admin

Next Post
Porsche Halts Its NFT Minting Amid Negative Feedback

Celebs Are Being Sued for Shilling Expensive Bored Ape NFTs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023
FTX Debtors Warn Customers Of Scams Promising Return Of Assets

FTX Debtors Warn Customers Of Scams Promising Return Of Assets

February 3, 2023
Commerzbank EURUSD

Things are getting increasingly difficult for bulls – Commerzbank

February 3, 2023

Recent News

TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023
FTX Debtors Warn Customers Of Scams Promising Return Of Assets

FTX Debtors Warn Customers Of Scams Promising Return Of Assets

February 3, 2023
Commerzbank EURUSD

Things are getting increasingly difficult for bulls – Commerzbank

February 3, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>