Recently released findings from a survey conducted by blockchain company Huobi Group determined that 2021 served as a banner year for investing in cryptocurrency.
Huobi’s Crypto Perception Report 2022 showed almost seven in 10 crypto holders started investing in 2021 and stemmed from surveying over 3,000 people in mid-December 2021 – assessing respondents’ knowledge of cryptocurrencies, thoughts on its sudden rise, and whether they are investing in crypto, among other topics.
“Thanks to the rise of DeFi (decentralized finance), NFTs, and other emerging sectors, crypto has seen interest from the everyday consumer grow substantially over the last year or so,” Huobi Group Director of Global Strategy Jeff Mei said. “However, we still have a long way to go before mainstream adoption will happen. Once more people take the time to understand the industry, and there’s more clarity on global regulations, we can expect to see a spike in participation.”
The survey findings revealed respondents expressed skepticism and lack of funds hinder crypto investing growth, while 42 of those surveyed respondents believed cryptocurrencies were too risky, and 34 percent were concerned about the lack of market regulations.
Huobi Group said the company, founded in 2013, has expanded its products and services to public blockchains, digital asset trading, wallets, mining pools, and proprietary investments, among other ventures.