Most Crypto Investors Adopt Hold Strategy, Say They Don’t Blink at Price Swings

Cryptocurrency investors are planning for the long term, targeting their digital assets toward retirement and future generations.

According to a new survey by The Penny Hoarder in partnership with The Kim Komando Show, nearly seven out of 10 cryptocurrency investors said they would invest some of their retirement funds into crypto if given the opportunity.

The survey — which polled 2,003 regular and occasional crypto investors — also found that nearly 4 out of 10 with children under 18 have invested in digital assets on behalf of their kids, with another 41% interested in doing so.

“You have more institutions and hedge funds saying cryptocurrency is viable, which gives a lot of people the ability to feel investing in it long-term,” said Adam Blumberg, a Certified Financial Planner and co-founder of Interaxis, a cryptocurrency education platform.

Investors Plan to Buy and Hold, Despite Price Swings

Even as Bitcoin’s price has dropped (and dropped again) from its nearly $69,000 peak late last year, investors seem unshaken by cryptocurrency’s trademark turbulence.

According to the survey, a majority of cryptocurrency investors — 56% — said they would hold or buy more bitcoin if its price dropped 50%.

This behavior differs from traditional stock investors, who are prone to panic-sell shares after a big drop. When cryptocurrency prices drop, many regular investors smell a bargain.

And when times are good? Bitcoin investors are still committed: Nearly 75% of survey respondents said they would hold or put more money into bitcoin if the coin’s price increased 50%.

Deeper analysis reveals that men are more likely to buy/invest more after a bitcoin price spike, while women are more likely to hold.

About 75% of all cryptocurrency investors plan to hold their digital assets for at least a year, with 34% planning to hold for three years or more.

These and other findings suggest that investors view cryptocurrency as a store…

Source link

Recommended For You

About the Author: News Center