{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=NL&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=13%25+of+US+investors+have+traded+cryptocurrency+in+last+year&text=According+to+a+survey+conducted+by+the+University+of+Chicago%2C+13%25+of+Americans+have+been+trading+cryptocurrency+in+the+past+year.&text=The+rise+in+popularity+of+Bitcoin+is+not+only+evident+in+its+value.+As+the+cryptocurrency+gains+more+traction+as+an+alternative+asset+or+even+as+a+hedge%2C+more+investors+are+looking+to+Bitcoin+to+hold+or+trade+for+profit.%0A%0AAccording+to+a+%3Ca+href%3D%22https%3A%2F%2Fwww.norc.org%2FNewsEventsPublications%2FPressReleases%2FPages%2Fmore-than-one-in-ten-americans-surveyed-invest-in-cryptocurrencies.aspx%22%3Esurvey%3C%2Fa%3E+conducted+by+NORC+through+the+University+of+Chicago%2C+13%25+of+Americans+in+the+sample+reported+that+they+had+traded+Bitcoin+in+the+past+year.+The+survey+sampled+over+1%2C000+people+in+the+country+%28adult+Americans+over+18%29+to+get+a+representation+of+the+trading+behaviour.+The+survey+results+also+found+that+24%25+of+the+respondents+had+traded+or+bought+stocks+in+the+last+year.%0A%0AAccording+to+the+results%2C+the+average+age+of+cryptocurrency+investors+is+around+38+years%2C+while+the+average+age+of+stock+investors+is+47+years.+In+the+research%2C+it+was+also+found+that+more+women+are+opting+for+cryptocurrency+rather+than+trading+stocks+and+those+with+disposable+income+of+over+%2465%2C000+choose+Bitcoin%2C+with+35%25+of+investors+looking+to+cryptocurrency+and+27%25+opting+for+stock+trading.%0A%0A%3Cimg+class%3D%22aligncenter+size-full+wp-image-146327%22+src%3D%22https%3A%2F%2Fwww.coininsider.com%2Fwp-content%2Fuploads%2F2021%2F08%2FScreenshot-2021-08-11-at-06.48.37.png%22+alt%3D%22%22+width%3D%22648%22+height%3D%22472%22+%2F%3E%0A%0A%3Cem%3ESource%3A+NORC%3C%2Fem%3E%0A%3Ch2%3EWhy+are+people+not+buying+cryptocurrency%3F%3C%2Fh2%3E%0AThe+research+found+that+the+major+hesitation+for+new+investors+to+hesitate+before+buying+or+trading+Bitcoin+was+related+to+the+complexity+rather+than+the+volatility.+As+the+price+of+Bitcoin+drove+to+its+highest+recorded+value+April+this+year%2C+the+market+was+flooded+with+new+investors+looking+to+capitalise+on+the+growing+digital+currency.+Even+after+the+price+of+Bitcoin+crashed+to+slice+more+than+half%2C+trading+from+%2464%2C863.10+to+%2429%2C360.96%2C+the+market+held+a+price+nearly+%2410%2C000+more+than+its+previous+record+high.+According+to+the+results+of+the+research%2C+only+30%25+of+the+respondents+indicated+concerns+about+volatility%2C+while+over+60%25+noted+that+they+were+cautious+about+the+cryptocurrency+market+because+they+don%27t+understand+enough.+33%25+indicated+that+they+didn%27t+have+the+funds+to+invest+in+Bitcoin%2C+35%25+were+concerned+about+the+security+of+Bitcoin%2C+and+31%25+were+not+sure+how+to+invest+in+the+market.%0A%0A%3Cimg+src%3D%22https%3A%2F%2Fwww.norc.org%2FPublishingImages%2FPress%2520Releases%2FASonFinance%2FSPOTLIGHT_Crypto2021July21_v22-page2.png%22+alt%3D%22Why+Aren%27t+People+Investing+in+Cryptocurrency%22+%2F%3E%0A%0A%3Cem%3ESource%3A+NORC%3C%2Fem%3E%0A%0AMark+Lush%2C+manager+in+the+Economics%2C+Justice%2C+and+Society+department+at+NORC%2C+weighed+in+on+the+results%2C+noting+that+new+investors+might+be+cautious+of+funding+long-term+investment+-+such+as+retirement+funds+-+with+the+asset.+He+stated%3A%0A%0A%3Cem%3E%E2%80%9CCryptocurrency+is+a+relatively+new+option+for+retirement+funds.+Potential+investors+are+leery+of+investing+their+retirement+savings+into+what+has+been%2C+to+date%2C+a+fairly+volatile+investment.+Cryptocurrencies+may+have+staying+power+as+an+investment+option%2C+but+our+hunch+is+that+they+will+continue+to+lag+behind+more+traditional+investment+opportunities+for+the+foreseeable+future.%E2%80%9D%3C%2Fem%3E%0A%3Ch2%3ECryptocurrency+opens+opportunities+for+diverse+investment%3C%2Fh2%3E%0AAccording+to+Angela+Fontes%2C+vice+president+of+the+Economics%2C+Justice%2C+and+Society+department+at+NORC+at+the+University+of+Chicago%2C+the+shift+towards+cryptocurrency+adoption+in+the+country+is+driven+by+investors+who+are+looking+to+diversify+their+portfolios.+She+continued+to+say+that+pertinent+information+about+the+market+is+important+for+investors+to+make+sound+decisions%2C+noting%3A%0A%0A%3Cem%3E%E2%80%9CCryptocurrencies+are+opening+up+investing+opportunities+for+more+diverse+investors%2C+which+is+a+very+good+thing.+It+will+be+important+that+these+investors+have+access+to+sound+information+as+they+make+decisions+related+to+these+often+more+volatile+investments.%22%3C%2Fem%3E","timeout":15}