Huge Increase In Investors Favoring Cryptocurrency Over Stocks, Survey Shows

[MongiIG]

A growing number of investors now prefer investing in cryptocurrencies such as Bitcoin (CRYPTO: BTC) over shares, a new survey has shown.

What Happened: The survey by CivicScience showed that while 76% of the respondents surveyed said they were more likely to invest in traditional stocks, 24% of them preferred investing in cryptocurrencies such as Bitcoin, Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE).

The percentage of investors who favour investing in cryptocurrencies over stocks has surged from 10% in June this year to 24% in November, while those who prefer investing in stocks has dropped from 90% to 76% over the same period.

Full article on investing.com

[Provaton]

Slightly misleading as the survey actually asked: "If you had the means and ability to invest your money in an asset, would you be more likely to invest in traditional stocks or cryptocurrencies".

The actual figure was 7%, i.e. 7% have sold stocks or bonds to buy crypto (which to mean is surprisingly high):

https://civicscience.com/investors-selling-significant-amounts-of-stock-to-buy-cryptocurrency/

What it all means though is more pain ahead when the crytpo bubble/ponzi collapses and all these investors will wish they had left their money in stocks!

[MongiIG]

1 hour ago, Provaton said:

Slightly misleading as the survey actually asked: "If you had the means and ability to invest your money in an asset, would you be more likely to invest in traditional stocks or cryptocurrencies".

The actual figure was 7%, i.e. 7% have sold stocks or bonds to buy crypto (which to mean is surprisingly high):

https://civicscience.com/investors-selling-significant-amounts-of-stock-to-buy-cryptocurrency/

What it all means though is more pain ahead when the crytpo bubble/ponzi collapses and all these investors will wish they had left their money in stocks!

Hi @Provaton

Thanks for sharing. The article below did mention the following with an interesting survey from Cardify:

Investors who are bullish on cryptocurrencies are betting more on the digital assets than stocks.

In September, crypto investors put an average of $263 into accounts dedicated to coins, more than the average $250 they put in traditional brokerages during the month, according to a recent survey from Cardify.

Full article on CNBC