The popularity of cryptocurrency has exploded worldwide during the past couple of years. However, the demand for crypto is particularly sharp among certain individuals, according to Domenic Carosa and Dan Schatt of Earnity, two executives at a promising new cryptocurrency platform. Let’s look at who is most likely to buy cryptocurrencies in 2022.
As a rule of thumb, the typical cryptocurrency buyers are relatively young people with a higher tolerance for risk. That’s because these individuals have ample time to watch their purchases appreciate. In addition, they are largely dealing with stagnant salaries coupled with increasing home prices each year. Considering these challenges, they are often willing to endure crypto markets’ volatility and risk to potentially secure higher returns.
On the flip side, people nearing retirement may not flock to crypto as quickly. The same is true for individuals who prefer more conservative purchasing because crypto is highly volatile, being a mostly speculative purchase.
All in all, for buyers to assume the risk of crypto, they must be psychologically prepared for crypto’s swings. Similarly, they must have a long enough time horizon to allow their portfolio to flourish. As a result, they must become familiar with the technology required for buying crypto assets, including wallets and exchanges.
Nevertheless, Earnity’s Domenic Carosa and Dan Schatt believe that crypto buying could benefit all buyers as they provide additional diversification to a typical buyer’s portfolio consisting of more traditional asset classes.
In light of the above, individuals who wish to begin their foray into cryptocurrency trading would be wise to start with Earnity. The platform is a one-stop resource for the latest crypto tips and news, helping today’s buyers to make educated decisions about their purchases. Buyers can also find supportive communities in the marketplace, which can help them weather the ups and downs of crypto buying in the years ahead.