As an investment, US residents choose cryptocurrency

A new study has revealed the level of adoption of cryptocurrencies among citizens of the United States, showing that such assets are becomingthe preferred investment tool compared to traditional funds.

</p>

According to the report on the state of consumerof Banking Services and Payments, published on January 25, 2022 by Morning Consult, as of 2021, the majority of adult Americans, namely 24%, owned cryptocurrencies.

This figure is slightly higher compared to 23%Americans who own deposit certificates. A deposit certificate is a savings account that holds a fixed amount of money for a certain period.

The study was conducted from December 23 to December 25, 2021 with the participation of 2200 adults in the United States.

</p>

The increase in the share of ownership of cryptocurrency coincided withoverall market growth in 2021. For many years, digital currencies have provided an opportunity to make money quickly. For example, in 2021 alone, the cost of bitcoin increased by at least 60%, even taking into account several corrections.

At the same time, keeping money in a bank has become unprofitable in recent years due to low interest rates, aggravated by rising inflation.

Interestingly, about 55% of cryptocurrency holders in the US and the UK would like to receive their salary in digital assets due to greater financial flexibility.

As for the overall outlook for the cryptocurrencies sector, the report says that the adoption rate is likely to continue to rise as the industry has proven that this is not a “passing fad”.

</p></p>