Big jump in investors who favor crypto over stocks: Survey

According to a new study from consumer data aggregator CivicScience, an increasing proportion of investors are selling their stocks to buy more cryptocurrency.

During the year 2021, the study questions were distributed to persons over the age of 18 in the United States at various times. Census data from the United States was used to weigh the results. Between 1000 and 40,600 people responded to each question.

In only five months, the percentage of people who stated they would rather invest in cryptocurrencies than traditional equities grew by 140 percent out of 3,700 people polled.

Only 10% of respondents indicated they would rather invest their money in cryptocurrencies than traditional equities in June, but that number increased to 24% in November.

In only five months, the percentage of people who stated they would rather invest in cryptocurrencies than traditional equities grew by 140 percent out of 3,700 people polled.

Those who stated they monitor the financial markets and economy “very carefully” or “somewhat closely” were more inclined to switch from traditional assets to cryptocurrency.

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40 percent of the 1285 people who said they monitor the market “very carefully” claimed they or someone they know has traded traditional equities to buy cryptocurrency.

This percentage fell to 30% for those who said they followed the market “somewhat closely,” and around 17% for those who said they didn’t follow it at all.

Around 44% of the 1,988 people who claimed they had sold equities for cryptocurrency stated they had liquidated less than 10% of their holdings.

However, one-fifth had traded more than half of their stock holdings to acquire cryptocurrency, which CivicScience’s Zack Butovich called a “shockingly big figure.” That may be a stretch, but it’s certainly noteworthy.

CivicScience gets its data via digital and mobile content partnerships, according to its website. CivicScience has been approached by Cointelegraph for further information on their technique, and we are awaiting a response.

Based on 40,571 replies from May 1 to Dec. 6, CivicScience discovered that those who are not interested in blockchain technology has continued to fall, from 80% in May to 68 percent now.