Crypto interest is up more than 140%, according to a U.S. survey. The survey participants showed a clear tendency for cryptocurrencies over interest in stocks.
CivicScience, a company that collects consumer data, has found that many investors are selling stocks to buy more crypto.
The survey in the United States found that by 2021, out of a total of 40,600 survey participants, more than 3,700 people over the age of 18 said they would be more likely to invest their money in cryptocurrencies than stocks. That’s an increase of more than 140% in just five months.
As recently as June, only 10% said they would invest more money in cryptocurrencies than in stocks. In November, the figure was still 24%.
Interestingly, over 40% of respondents said they or someone they know had sold their stocks to buy crypto. Of those who say they follow the financial and economic markets, 30% are “more closely” and 17% are “relatively closely” likely to switch from traditional assets to cryptocurrencies.