Recent research shows that U.S. cryptocurrency investors hold an average of $ 1,107 worth of digital assets. 37% of crypto investors admit to not liquidating their crypto holdings even for large bills and other payments.
However, it is clear that Elon Musk has had a major influence on many respondents’ decisions regarding crypto-related matters.
A survey of 1,000 U.S. cryptocurrency investors Players chooseA betting platform called, revealed a shocking revelation. 37% of these holders have pledged to not sell their assets. 51% of these holders also stated that cash would not be too tempting to make luxury purchases.
The survey also looked at different generations of cryptocurrency investors. It revealed that the Baby Boomer and Gen Z groups invest the most in cryptocurrency, while Gen Z has the lowest.
A male fork is more interested in investing in digital assets than a female fork, with an average investment of $ 1,940 in crypto. However, women have a median digital asset value of $ 1,375.
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GamblersPick’s investigation revealed a rise in U.S. investor demand for digital assets. This sudden increase in demand is prompting people to borrow money to invest. One in four respondents used credit cards to purchase cryptocurrency.
Investors revealed that they expect to increase their cryptocurrency investments by investing an average of $ 1,645 every 12 months. Statistics show that men continue to lead the pack with an increase of $ 1,988 and women plan to add $ 1,100.
What factors influence the decisions of cryptocurrency investors’?
Research also shows the reason for the recent increase in interest in cryptocurrency investments. Around 75% of respondents confirmed their belief in a future rise in the value digital assets. 24% view cryptocurrency as a way of generating good returns, while 32% use it for diversification.
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Additionally, 21% of participants used cryptocurrency as a hedge against inflation due to the economic scam. The recent COVID-19 epidemic and the massive printing national currency are both contributing factors.
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In addition, online forums and social media have a significant influence on cryptocurrency-related decisions and movements on US investors. Reddit, which has an influence power of 34%, is the top-ranked.
Twitter, Youtube, Facebook and Facebook are some of the others. Their influences were rated at 26%-23% and 16%, respectively. A man is a standout when it comes to individual influence. Its influence is greater than that of the companies previously mentioned.
This is Elon Tesla, the CEO of Tesla. Tesla is a very popular electric car company. 35% of those surveyed admitted that their digital asset selections are based upon Musk’s tweets, opinions, and statements.
Second row Warren Buffett, and third row rap star Snoop Dogg are other influencers. They have influence ratings of 9%, 7%, and 5%, respectively.
Featured image by Pixabay, chart at TradingView.com