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According To HBUS Survey: 12 per cent of US Digital Currency Holders Are Long-Term Investors

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According to a survey carried out by HBUS on May 13, nearly 12 per cent of digital currency owners are long-term investors. HBUS is the operator of U.S.-based crypto exchange firm Huobi.

The survey comprises of 1,067 United States participants, and it was carried out between March and April.

The survey concluded that about 19.58% of individuals with annual earnings of more than $99,000 are actively hodling one cryptocurrency or more.

Yet, individuals that earn as high as $149,000 are more likely to invest in virtual assets.

The survey also disclosed that a total of 8% of the respondents say they invested in cryptocurrency in the year 2018. However, the number grew to 20% this year with the gender breakdown of 27.49% of men and 13.22% of women.

The report also contained that 74.32% of the respondents have heard about cryptocurrencies at one point in time. More so, more than 60% of the respondents also had their preferred exchange firm recommended by a friend.

The respondents were also asked to pick their fears as regards the adoption of cryptocurrency. Their top three fears were lack of education and understanding, security concerns and overall distrust.


When asked about their reasons for owning cryptocurrency, their intentions are the technological potentials, security and also privacy.
According to a report by Cointelegraph released at the beginning of the month, Fidelity Investment, United States-based asset management firm released a recent survey that shows that 22% of investor’s at institutions own digital assets.

Another survey published by Spencer Bogart of venture capital firm Blockchain Capital on April 30 claimed that 11 per cent of the United States population owns Bitcoin.

The survey by Bogart was carried out between April 23, 2019, and April 25, 2019, which includes responses from a total of 2,052 American adults.

With regards to the survey result, the respondents learnt about Bitcoin in terms of six key aspects: awareness, conviction, familiarity, ownership, propensity to purchase and perception.

In terms of ownership, 20% of American citizens aged between 18 and 34 were said to have invested in BTC while those aged between 35 and 44 accounted for 11% of the total sum.

Source: https://cointelegraph.com/news/hbus-survey-almost-12-of-us-cryptocurrency-holders-are-long-term-investors

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About the author

Jo Arazi

Jo Arazi

Jo is a seasoned writer and analyst of the cryptocurrency market with several years of experience writing for various blogs and websites worldwide. He has worked with several crypto startups and is a supporter of credible crypto projects worldwide.

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