Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
A new survey revealed the latest trend among accredited investors in the United States, targeting the decentralized finance (defi) sphere. The study shows that a vast majority of them are likely to invest in defi this year.
70% of the Respondents Already Invested in Bitcoin
According to Xangle, who surveyed 379 accredited investors, 67% of them have some knowledge about defi. Overall, such respondents claimed to have developed a significant interest in the cryptocurrency industry over the past year.
But the higher interest goes beyond the respondents, as 72.2% of them stated they were âvery likely to investâ in Defi in the next 12 months.
Just 17.5% of the surveyed accredited investors are in the category of thinking that theyâd be âsomewhat likely to invest,â said the research.
Moreover, the crypto asset disclosure platform found that respondents invest more now than before the coronavirus pandemic. Per the figures, 70% of the surveyed U.S. accredited investors have invested in bitcoin (BTC).
Xangle added:
Surveyed investors see bitcoin as a store of value that will yield high returns, either through short-term investments or by buying and holding.
Still, respondents believe there is a lack of regulation regarding consumer protection in the crypto industry, including defi. According to the study, 78% of them think âregulators need to protect investors moreâ
The survey continued:
Survey respondents believed that the things holding investors back from crypto are a lack of regulator protection, scams, and a lack of awareness and education around the industry.
Bitcoin Remains as the âTop Choice for Future Returnsâ
Although there is widespread interest in investing in defi, the survey concluded that bitcoin is still the top pick âfor future returns.â
Xangle explains that if accredited investors had $100,000 to invest but had to leave it for four years, â31.7% would choose Bitcoin while 29% would go into blue-chip stocks as the better investment.â
Lihan Lee, cofounder of Xangle, commented on the survey:
The survey findings confirmed our belief that accredited investors are very excited about investing in crypto assets, but they are being held back due to a lack of regulator protection, scams, and a lack of awareness and education around the industry. Itâs extremely critical for the industry as a whole to step up and provide this new wave of investors with everything they need to ensure they have a positive experience and continue to invest.
Xangle took the following guidelines to establish who was eligible for being categorized as âaccredited investorâ for the survey:
Our 379 respondents are considered accredited investors, who are able to trade securities that may not be registered, like cryptocurrencies. According to Rule 501 of the SEC, they must have a minimum income of $200,000 for individuals â which were 71% of our respondents â or $300,000 joint income, which are the remaining 29% of our respondents.
What are your thoughts on the survey? Let us know in the comments section below.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.