12% of U.S. cryptocurrency holders are long-term investors

According to cryptocurrency exchange Huobi, 12% of Americans holding cryptocurrencies are long-term investors.

The results of this survey were conducted with 1,067 Americans from March to April. According to the results of the survey, 19.58% of those with annual incomes of 99,000 or more actively own cryptocurrency. Among them, those with an annual salary of $125,000 to $149,000 are actively investing in cryptocurrency.

In addition, the number of respondents who said they had experience in investing in cryptocurrency increased from 8% in 2018 to 20% this year. Of the respondents, 74.32% said they were aware of cryptocurrency, and more than 60% said they chose the exchange for friend recommendation.

The challenges for the spread of cryptocurrency were lack of understanding and education, security concerns, and general distrust. Meanwhile, the main reasons for holding cryptocurrency were technical possibilities, personal information promise, and security.

Meanwhile, 22% of institutional investors own cryptocurrency in a survey released recently by US financial giant Fidelity. According to a Harrispol survey released at the end of April, a survey found that 11% of Americans owned bitcoin. Related information can be found here.