Despite the general frenzy in the cryptocurrency industry, a majority of U.S. citizens who have engaged in trading, investing, or holding cryptocurrencies remain undeterred by the industry's volatility. According to a Pew Research report released on April 11, only 31% of the respondents in their survey said they had liquidated their digital assets despite the drastic price fluctuations. Additionally, the report indicated that 69% of the surveyed participants still own cryptocurrencies. The survey participants included both men and women from both lower- and upper-income families.

Surprisingly, according to the survey results, only 20% of the participants said investing in cryptocurrency had negatively affected their finances, and only 3% said it caused them a lot of financial harm. However, when it comes to the impact that these investments have on the surveyed participants, 60% stated that it had neither helped nor hurt.

The report also revealed that some of the surveyed participants have held on to their digital assets for a long time, and their ability to remain resilient despite the recent crypto winter highlighted their commitment to the cryptocurrency industry. Cryptocurrencies are inherently volatile, and the fact that some people are able to hold onto and monitor their investments in the industry despite its instability should serve as motivation to others who may want to invest in the digital asset market.

Since trading and holding cryptocurrencies is legal in the U.S., buyers must, however, be aware of the strict regulations set by the government, as it has only become stricter over the years. Some regulatory authorities have gone so far as to issue warnings to their citizens against engaging in the cryptocurrency industry. As an example, the commodity futures trading commission (CFTC) recently sued the world’s largest crypto exchange, Binance, for violating the US derivatives law.



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