A Pew Research Center survey found that among the 16 percent of domestic adults having invested, traded or used a cryptocurrency, 46 percent reported their investments have done worse than expected.
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The survey, conducted July 5-17, 2022, showed that the overall share of adults who have invested in, traded or used a cryptocurrency has remained unchanged since September 2021.
Per the study, three-quarters of Americans who have invested in cryptocurrencies cited diversification and making money as reasons for doing so; some 54 percent noted at least a minor reason for their participation in cryptocurrency transactions is that they think crypto is easier to get into than other ways to invest; and smaller numbers of participants cited being more confident in cryptocurrencies than other investments. A minor amount said they want to be part of a community.
The Pew Research Center analysis also revealed 42 percent of American men ages 18 to 29 say they have invested in, traded or used a cryptocurrency. Just over 40 percent of men ages 18 to 29 have used cryptocurrencies, in comparison to 17 percent of women in that age range, per the survey.
The analysis noted overall men are 14 percentage points more likely than women to say they have used cryptocurrencies while adults under age 50 are more likely than those 50 and older to be crypto users.