NEW YORK—Are investors turning away from cryptocurrency? A new study suggests that may be the case.
Approximately 21% of Americans said they feel comfortable investing in cryptocurrency, according to Bankrate’s September 2022 survey. That’s down from 35% in 2021, CNBC reported.
“Although comfort levels dropped with investors across generational lines, the decrease was steepest among Millennials,” CNBC said in its analysis.
Nearly 30% of American investors between the ages of 26 and 41 said they feel comfortable in 2022, compared to nearly 50% in 2021.
“The decline is unsurprising, considering nearly $2 trillion has been wiped off the entire crypto market since November 2021,” CNBC reported.
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