Cryptocurrency is set to surge in popularity in 2022, with women more likely to buy cryptocurrencies than men, according to a report from Voyager.
Its first national study, Crypto Confidence Survey, found that while 30% of male respondents already owned cryptocurrency compared to just 15% of women, men were a little less likely to buy the digital assets in 2022. The survey found that 60% of men are looking to buy cryptos this year, while 62% of women were planning on purchasing tokens.
Overall, 64% of Americans believe cryptocurrency will rise in value this year and 48% expect cryptocurrency to be widely accepted within the next three years.
Millennials appear to be the most open to the digital currency, with 43% expressing interest to invest this year – compared to 36% of Gen Z and 32% of Gen X.
Reasons for owning cryptos also differed. Of the respondents, 60% see it as an investment, 59% view it as a way of storing money and 57% consider it an easy-to-use currency.
Despite the appetite of the market, many feel there is a lack of education. Half of the responders said they would invest more if they understood the market more. Two-thirds even suggested schools should start teaching students about the money.
Of those that owned cryptocurrency, 98% said they would buy more in 2022. Nearly half of these already had at least $1,000 in crypto assets.
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