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The number of Americans holding cryptocurrencies has increased by 125%

5:30 pm, October 13, 2022

The cryptocurrency market is in turmoil — bitcoin is falling significantly in value, and this is likely to affect the investment opportunities of Americans in the near future. However, according to Finbold, 18% of Americans invested in various cryptocurrencies in the summer of 2022 alone. Compared to 2020, the number of crypto investors increased by 125%.

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Interestingly, the growing interest of Americans in digital assets amid the cryptocurrency winter partially contradicts the «traditional» trends, when the falling exchange rate scared away investors. At the same time, in recent months, the cryptocurrency sector has been constantly suffering from hacker attacks and global fraudulent schemes. Of course, all the attention of the crypto industry is focused on the beauty of the Terra (LUNA) ecosystem.

It is worth noting that in America, it is mainly young people who are ready to invest in cryptocurrencies, as this age group shows the greatest loyalty to the industry. Older investors, on the other hand, are more cautious, planning their future investments and taking into account potential risks. At the same time, leading financial institutions have started using cryptocurrencies to attract retail investors. For example, the oldest bank in America, BNY Mellon, recently received approval from US regulators to become the first major bank lender to offer cryptocurrency transactions.

Analysts suggest that in the long run, cryptocurrency investments by Americans will continue to grow. In addition, cryptocurrencies are likely to be further integrated with popular Binance-spivpraczyuye-z-mastercard-dlya-zapusku-platezhiv-u-kryptovalyuti/">payment systems. However, regulatory uncertainty remains a major concern for most Americans. So far, one thing is clear: the White House and Congress are lobbying for various initiatives to control the cryptocurrency asset sector.

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