Huobi Survey Reveals That 68% Crypto Investors Started During Last Year

Huobi research reveals that 68% out of over 3,000 polled individuals began investing in cryptocurrencies last year.

According to the the digital asset platform Huobi Group survey, approximately 7 in 10 crypto holders entered the market in 2021.

However, nearly 25% of the participants believe “it’s all a scam/bubble,” which is going to collapse, the survey also found.

Huobi surveyed more than 3,000 people in mid-December 2021, and released the results in January 2022.

Nearly every third participant said that they currently hold crypto assets. A deeper analysis revealed that the large majority (68%) began investing during 2021. While only 9% had started investing in crypto more than four years ago, in comparison.

Nearly half (46%) of investors said that they had invested $1,000 or less in crypto, while, 25% had betted between $1,000 and $10,000 on the rise of the asset class.

Awareness on NFTs and Metaverse over 50%

Interestingly, more than 50% of participants said they had heard of non-fungible tokens (NFTs) and the Metaverse, while 25% are aware of Decentralized Finance (DeFi).

Most crypto owners from the survey support the statement that digital assets may transform the definition of money.

However, many skeptics of the asset class predicted a stormy future. 42% view cryptocurrencies as “too risky,” and 34% are concerned about the lack of regulations in the industry.

25% of the surveyed said that all cryptocurrencies are a “scam/bubble,” which is going to fail eventually.

Jeff Mei, Director of Global Strategy at Huobi Group, said in the survey report that crypto still has a long way to go before becoming totally mainstream. If the financial regulators are able clarity global regulations on crypto, “we can expect to see a spike in participation,” he concluded.