Amid the ongoing crypto winter, new data<\/a> from a Pew Research Centre survey has shown that 46% of adult crypto users in the United States are seeing lower than expected returns on their crypto investments. <\/p>\n The survey gathered responses from over 6,000 randomly-selected adults across the United States, with panelists participating in self-administered web surveys. <\/p>\n Conducted from July 5 to 22 of this year, the majority of respondents who said they had invested in crypto said they saw lower than expected returns than expected while only 15% of people surveyed said their crypto investments had done better than expected. Meanwhile, around 31% said it was “about the same as they expected.” <\/p>\n It\u2019s unfortunate, given the vast majority of crypto user respondents said they became interested in\u00a0cryptocurrency because they were looking for a \u201cdifferent way to invest,\u201d and thought it was a \u201cgood way to make money.\u201d<\/p>\n Women made up over half of the respondents and people over 50 years old represented the largest sample size. Overall, only 16% of total respondents said they had invested, traded, or used a cryptocurrency at some point in their lives. <\/p>\n The high proportion of disappointed crypto investors could be attributed to a sharp rise of crypto adopters in the country in 2021 when the market was at its all-time high. <\/p>\n Cointelegraph previously reported that roughly 70% of crypto hodlers<\/a> in the U.S. started investing in cryptocurrencies such as Bitcoin (BTC<\/a>) in 2021, the year that saw BTC reach an all-time high (ATH) of roughly $67,582 on November 8, 2021.<\/p>\n Massive institutional adoption, growth in altcoins, easier access to cryptocurrency trading, and celebrity endorsements were all cited as possible reasons for the huge spike. <\/p>\n However, most people who jumped into the crypto market during the 2021 boom are likely to be feeling the pain now, with Bitcoin plummeting over 69% from its ATH to $21,403, and Ethereum (ETH<\/a>) falling 66% from its ATH to $1,640. <\/p>\n A separate poll<\/a> by financial service provider deVere Group found nearly half of their more than 700 Baby Boomer (born between 1946 and 1964) and Generation X (born between 1965 to 1985) clients from all over the world already own cryptocurrency or are planning to buy it before the end of 2022. <\/p>\n Nigel Green, deVere Group CEO and founder believes most people born between 1965 and 1980 are investing as “part of a wider retirement planning strategy.”<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/ef49e940-68f8-41a6-831f-6eb6bb0cfae6.PNG\")
U.S. investors piled into crypto in its heyday<\/h3>\n
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Boomers and Gen X<\/h3>\n