What bear market? Consumer Confidence Is Higher Among Crypto Owners Than Norms
The research firm said the discrepancy is partly explained by the fact that the average owner of a crypto is " more likely to be wealthier, younger and male". "than the average American adult.
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Consumer confidence is significantly higher among crypto owners than the average American adult, with crypto owners ranking 16.4 points higher on the Consumer Confidence Index.
A July 7 report from research firm Morning Consult shows that while average adult consumer sentiment in the United States (U.S.) has fallen 13.5% since mid-January, consumer confidence crypto owners fared relatively better, falling only 8.1% over the same period. period.
The research company has said the discrepancy is partly explained by the fact that the average crypto owner is “more likely to be wealthier, younger, and male” than the average American adult.
“In recent months, age has been a key driver of differences in consumer confidence, as fixed incomes, health risks and memories of past episodes of high inflation in the United States drive older Americans to be more pessimistic,” says.
The report indicates that Gen Y men who earn at least $100,000 a year are the most likely to own crypto, although Gen Z adults also show fairly high levels of crypto ownership. cryptos. Baby boomers and women remain the least likely to stay hodl.
Report cites respondents high price expectations for Bitcoin (BTC) as a determinant of their optimism, noting that the average crypto user expects the price to rebound to $38,000 within the next six months.
This despite the fact that some experts believe bitcoin will remain on the sidelines for the foreseeable future and could drop as low as $16,000.
The recovery in prices is probably impos...
The research firm said the discrepancy is partly explained by the fact that the average owner of a crypto is " more likely to be wealthier, younger and male". "than the average American adult.
New
Consumer confidence is significantly higher among crypto owners than the average American adult, with crypto owners ranking 16.4 points higher on the Consumer Confidence Index.
A July 7 report from research firm Morning Consult shows that while average adult consumer sentiment in the United States (U.S.) has fallen 13.5% since mid-January, consumer confidence crypto owners fared relatively better, falling only 8.1% over the same period. period.
The research company has said the discrepancy is partly explained by the fact that the average crypto owner is “more likely to be wealthier, younger, and male” than the average American adult.
“In recent months, age has been a key driver of differences in consumer confidence, as fixed incomes, health risks and memories of past episodes of high inflation in the United States drive older Americans to be more pessimistic,” says.
The report indicates that Gen Y men who earn at least $100,000 a year are the most likely to own crypto, although Gen Z adults also show fairly high levels of crypto ownership. cryptos. Baby boomers and women remain the least likely to stay hodl.
Report cites respondents high price expectations for Bitcoin (BTC) as a determinant of their optimism, noting that the average crypto user expects the price to rebound to $38,000 within the next six months.
This despite the fact that some experts believe bitcoin will remain on the sidelines for the foreseeable future and could drop as low as $16,000.
The recovery in prices is probably impos...
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