Americans prefer crypto over a traditional savings account, study shows
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Re: Americans prefer crypto over a traditional savings account, study shows
#2> The study was conducted between December 23-25, 2021, while sampling feedback from 2,200 United States adults.
Randomly selected? Members of some crypto site? Garbage website makes sure there's no methodology or link to it you so will never know.
Re: Americans prefer crypto over a traditional savings account, study shows
#3Bogus study, avoid posting it again.
Re: Americans prefer crypto over a traditional savings account, study shows
#4Actual statement from the linked to link...
> According to The State of Consumer Banking & Payments report published on January 25, 2022, by Morning Consult, most American adults at 24% owned cryptocurrencies as of 2021.
> The figure was slightly higher than 23% of Americans who own certificates of deposit. Notably, a certificate of deposit refers to a savings account holding a fixed amount of money for a specified period.
Report here: https://go.morningconsult.com/rs/850-TAA-511/images/220120_S...
Which mentions...
> Poll conducted Dec. 23-25, 2021, among a representative sample of 2,200 U.S. adults, with an _unweighted margin of error of +/-2 percentage points._
My emphasis on +/- 2 percentage points when differing between 23 and 24 percent.
Re: Americans prefer crypto over a traditional savings account, study shows
#5Bogus study, avoid posting it again.
Agreed, not reliable indeed.
Re: Americans prefer crypto over a traditional savings account, study shows
#6Actual statement from the linked to link... > According to The State of Consumer Banking & Payments report published on January 25, 2022, by Morning Consult, most American adults at 24% owned cryptocurrencies as of 2021. > The figure was slightly higher than 23% of Americans who own certificates of deposit. Notably, a certificate of deposit refers to a savings account holding a fixed amount of money for a specified p…
The statistics are wrong, but the trend is correct
Re: Americans prefer crypto over a traditional savings account, study shows
#7Probably 98% had (some) cash. So cash is favoured over. crypto.
Re: Americans prefer crypto over a traditional savings account, study shows
#8Actual statement from the linked to link... > According to The State of Consumer Banking & Payments report published on January 25, 2022, by Morning Consult, most American adults at 24% owned cryptocurrencies as of 2021. > The figure was slightly higher than 23% of Americans who own certificates of deposit. Notably, a certificate of deposit refers to a savings account holding a fixed amount of money for a specified p…
The statistics are wrong, but the trend is correct
When people hold cryptocurrencies, most of them hold for few hundred/thousand dollars. They may hold it for short term or long term for investing/trading/fun or to pay using actual crypto. Eg., I may hold $100 of bitcoin and $10 of dogecoin.
Compared to deposits in savings account or long term fixed deposits, the amount in them is quite high compared to cryptocurrencies for most individuals.
The statistics/data 'may' be correct, but it does not mean that normal users prefer crypto to savings account. Most of the population does not even know what cryptocurrencies are in general (except for bitcoin) and usually associate them with some type of scam.