Civic Science found out that 54% of the digital asset investors weathered the storm and did not cash out their crypto holdings.
Nearly half of the surveyed cryptocurrency investors admitted to selling some of their possessions in the last several weeks. Those with lower salaries were more likely to part with their holdings.polled
Unsurprisingly, most financially stable individuals remained HODLers since only 28% of them parted with some crypto possessions. 65% of those from the lower income bracket, though, sold a chunk of their stash. Still, the main reason people stay away from the digital asset realm is not the price swings. 30% believe bitcoin is not legitimate, while 23% pointed out its volatility. 10% admitted they don’t have the financial ability to enter the ecosystem, and 5% do not understand how to buy crypto assets.Several other studies have proven the assumption that digital assets are an attractive investment option mainly for rich individuals.
Some notable names on that list include Sam Bankman-Fried – CEO and Co-Founder of FTX – who said that between 76% and 100% of his portfolio is distributed in digital assets.
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