Two-Thirds of Crypto Retail Investors Remain Optimistic Despite Crypto Winter
• 67% of retail investors have remained optimistic or have had mixed feelings about the crypto winter reported in 2022.
• The eToro report surveyed 10,000 crypto retail investors across three continents, with 76% of the investors aged between 18 and 34 having positive or indifferent feelings about the market.
• The Global Markets Strategist at eToro, Ben Laidler, opined that it was odd that two-thirds of retail investors remained indifferent despite the sharp drops seen in 2023.
Despite the harsh crypto winter that has been reported in the year 2022, the majority of retail investors remain optimistic or have mixed feelings about the market. This is according to a report by the social trading platform eToro, which surveyed 10,000 crypto retail investors across three continents. The report, titled „Retail Investor Beat“, analyzed the sentiments of the crypto community regarding the downturn that has engulfed the market for over a year.
The report showed that around 67% of retail investors were optimistic or had mixed feelings about the severe crypto winter reported in 2022. This sentiment was seen to be more pronounced among younger investors aged between 18 and 34, with 76% of those surveyed having positive or indifferent attitudes towards the bear market. In contrast, only 60% of those aged above 55 years had similar sentiments.
The findings of the report suggested that younger investors are likely in the market for the long haul, and remain optimistic about investing in digital assets despite the price crash. Commenting on the findings, Ben Laidler, the Global Markets Strategist at eToro, opined that it was odd that two-thirds of retail investors remained indifferent despite the sharp drops seen in 2023.
The survey results highlight the resilience of the crypto market, with the majority of retail investors still having faith in the technology despite the current bear market. It is likely that this optimism will continue to hold in the coming months, with more retail investors entering the market as confidence slowly returns.