Between November 11 and December 3, 2021, CivicScience conducted a poll revealing that 23% of 5,560 respondents either sold — or knew someone who sold — traditional financial assets like stocks or bonds in order to invest in cryptocurrency. According to Zack Butovich from CivicScience, “The data shows that over one-fifth of investors have sold more than half of their stock assets in order to buy cryptocurrency – a shockingly significant number.” Even more notable is that this trend is driven by serious, long-term investors rather than short-term speculators.
The survey highlighted that 30% of respondents consider crypto a long-term investment vehicle, while 16% indicated they are investing to hedge against deteriorating economic conditions. Though modest in scale, the poll underlines a growing confidence in the potential of crypto — a shift taking place despite persistent negative commentary from traditional financial institutions and analysts.
In its summary, CivicScience concluded: “While the volatility of cryptocurrency is still an issue, the technology as an asset continues to be further embraced by the investing class, implying that broad acceptance by the general population is only a short time away.”
Crypto Remains Volatile — But Manageable
There’s no denying that cryptocurrencies experience price swings. However, risk can be mitigated with smart practices. If you're unsure whether to enter the crypto space, these five principles may help guide your decision:
1. Only invest what you’re willing — and able — to lose.
2. Conduct thorough research before committing funds.
3. Understand the specific benefits and downsides of each coin.
4. Assess the real-world potential and utility of the cryptocurrency.
5. Prioritize secure storage for your digital assets.
Looking Ahead: Cryptocurrency’s Expanding Role
As blockchain innovation becomes more embedded in everyday systems — from financial transactions to identity management — it’s reasonable to assume that digital assets will play a greater role in the economy of the future. Learning now may spare you from missing out later.
Monero: A Smart Choice for Privacy-Centric Investors
For individuals who value financial privacy, Monero (XMR) is a compelling option. As a privacy coin, Monero uses Ring Signatures, Stealth Addresses, and RingCT to shield transaction data and user identities. It is untraceable, secure, and truly fungible.
To store Monero safely, use XMRWallet, a browser-based, open-source Monero wallet. No software installation is required, and you remain in full control of your keys. XMRWallet supports multiple languages, offers full privacy, and is completely free to use. Leverage XMRWallet to extend Monero’s core promise of financial freedom and anonymity.
