Most Investors Did Not Sell Their Assets For Six MonthsAdmin
According to a recent survey by CivicScience, about 54% of investors have not sold their crypto assets in the past six months. A quarter of respondents noted that they sold almost all digital currencies. And 20% of those surveyed got rid of a small amount of digital moment.
According to experts, it is not surprising that there is a direct relationship between an investor’s income and his ability to hold assets in a bear market. Those bidders whose income is more than $150,000 per year are ready to stay in the ranks even against the backdrop of a significant drawdown. Conversely, most investors whose annual income is less than $50,000 have sold at least some of their holdings.
Attention was focused: the percentage of those who associate the volatility of cryptocurrencies with their desire to invest increased from 54% (in January 2022) to 58% (in July 2022). According to experts, this indicates that the massive sales in the market in May and June made the crypto segment not so attractive for investors who adhere to the concept of minimizing risks.
About 30% of respondents expressed the opinion that many bidders are deterred from cryptocurrencies by the lack of a clear legal framework. The technical complexity of the industry and the increased volatility of digital assets were additionally identified as potential reasons.