The stock market has more diverse offerings than the crypto market, but the opposite is true when it comes to people investing in them.
About 13 percent of Americans have bought or sold cryptocurrencies such as bitcoin, ether or dogecoin in the past year, according to a report released Thursday by the National Opinion Research Center at the University of Chicago. , an independent non-partisan research institute.
41% of these investors are women, 44% are people of color, 35% earn less than $ 60,000 a year, and 45% are college educated.
Meanwhile, about 24% of Americans bought or sold shares in the same year. 38% of these investors are women, 35% are people of color, 27% earn less than $ 60,000 a year, and 51% have a college education.
Crypto investors are also younger than stock market investors. The average age of an undercover investor is 38, for stock market investors – 47.
“Cryptocurrencies open up investment opportunities for more diverse investors, which is a great thing,” said Angela Fontes, NORC’s Vice President of Economics, Justice and Society.
“It will be important for these investors to have access to sound information as they make decisions about these often more volatile investments,” he added.
The average age of a cryptocurrency investor is 38, compared to 47 for stock market investors.
For example, last month, bitcoin BTCUSD,
The most traded cryptocurrency, from $ 36,000 to less than $ 30,000, a change of about 20%. Two months ago, bitcoin was about 60 thousand dollars. While Dow Jones Industrial Average DJIA,
from a month’s high of almost 35,000 to a month’s low of almost 34,000, a change of about 3%.
(Pt stock exchanges and stocks are not correlated, but sometimes strategists view assets as a way to measure risk appetite on Wall Street).
Crypto is trading lower as investors become increasingly concerned about the spread of the COVID-19 delta version with growing tensions between China and the United States. In addition, the Chinese government continues to crack down on cryptocurrencies. In May, it banned banks from offering it to customers from other financial third parties.
“Recently, the prices of cryptocurrencies have risen and fallen, and speculative trading in cryptocurrencies has resumed, seriously violating the security of people’s property, disrupting the normal economic and financial order,” said a joint statement of the three Chinese financial regulators. .
Most cryptocurrency investors rely on information they read on cryptocurrencies such as Coinbase COIN.
Common trading platforms such as Fidelity FIS
or Robinhood և on social media. Only 2% of cryptocurrency investors get guidance from a broker or financial advisor, according to a report from the University of Chicago.