While most Americans are not intimately familiar with cryptocurrencies, Bitcoin has managed to make a substantial name for itself following its dynamic performance history, making it the most popular among the various currencies. And for all the buzz in the financial world, there is a very small percentage of investors who have actually purchased cryptocurrencies.
A recent survey attempted to discover the primary reasons American investors were not purchasing more Bitcoin and its crypto cousins, Bitcoin cash, Ethereum, Stellar Lumens, Ripple and Cardano. The three most common explanations for not investing in crypto were given as: no interest or need, too risky of an investment, and too complicated.
Of those who have purchased cryptocurrency, the majority did so after having done their own research rather than rely on each currency's social media influence. Among those professing to own cryptocurrencies, millennials are at the top, followed by Gen Xers and last, but not least, baby boomers. Of those who plan to purchase crypto in the future, the rankings remain the same.
While many are talking about crypto, many are still very unfamiliar with it. If you're intrigued and want to maximize your knowledge about the world of cryptocurrencies, call the experts at Elite Crypto Consulting today at 1(800) 385-0131. Let us show you the right way to trade while managing risk, how to properly store your crypto, and how to manage your portfolio. To learn more about the services we can offer you, visit https://www.elitecryptoconsulting.com.
