Can Crypto Appreciate? Exclusive data shows adoption rates have room to run – Bitcoin (BTC/USD)
The cryptocurrency sector was In 2021, there is a big increase in demand, according to the values Bitcoin BTC/USD, Ethereum ETH/USD, Dogecoin DOGE/USD And others hit all-time highs in coin prices.
The crypto bull market of 2021 brought many new entrants into the space, with crypto exchanges and investment platforms increasing the number of coin offerings and launching promotions tied to acquiring new users.
Look what happened next.
what happened: After a strong 2021 that brought more awareness and interest to the cryptocurrency market, 2022 remains a bumpy ride for the sector. failure of Celsius and loss of FTX They are among the biggest stories for the entire financial sector.
The high volatility and uncertainty in mainstream cryptocurrency platforms has led some to withdraw from the cryptocurrency sector and created roadblocks for new entrants to the space.
Benzinga recently polled 1,000 Americans to get a better sense of how things shook out after the FTX crash.
Related Link: Best FTX Alternatives: How to Keep Your Crypto Safe
Benzinga poll resultsBenzinga to find out where sentiment lies with Americans after the FTX loss and Bitcoin and Ethereum prices each down more than 60% in 2022.
The question asked is, “Do you currently own any cryptocurrencies?” It was.
Of those asked, 26.9% answered yes. The remaining 73.1% said they did not own any cryptocurrency.
These numbers may have changed dramatically due to the events surrounding the FTX meltdown.
In June, Benzinga said that nearly 40% of millennials in the US own cryptocurrency. In March, about 20% of investors said they had invested in cryptocurrencies at some point.
The poll results indicate whether investors have pulled out of the cryptocurrency sector, or whether many are still holding on despite question marks pushing ahead.
Read next: Exclusive: These Americans think the FTX scandal will put crypto in a better light
