New enquiry past consumer information aggregator CivicScience has constitute that a growing number of investors are selling their shares to buy more crypto.

The research questions were sent to people over eighteen years old in the United States at varying times during 2022. The results were weighed by U.Due south. demography data. Each question had between 1,000 and xl,600 respondents.

Out of three,700 respondents surveyed, the number who said they would be more likely to invest their money in cryptocurrency than traditional stocks increased 140% in merely five months.

Back in June, only 10% of respondents said they would be more than likely to invest their coin in cryptocurrency than traditional stocks, which rose to 24% in November.

Interesting those who said they follow the fiscal market and economy "very closely" or "somewhat closely" were more probable to swap their traditional assets for crypto.

Out of the 1,285 respondents who said they follow the market "very closely," twoscore% said that they or someone they know has sold their traditional stocks to purchase crypto.

This percentage dropped to xxx% for those who follow the market "somewhat closely," and around 17% for those who said they followed the market "not closely at all."

Around 44% of the one,988 respondents who had sold stocks for crypto said they'd sold less than ten% of their portfolios.

But effectually i-fifth had sold over one-half of their stock assets to buy crypto, which Zack Butovich from CivicScience described as a "shockingly significant number." That might be pushing it, only information technology's certainly notable.

Related: True or imitation: 91% of surveys nigh Bitcoin and crypto are totally wrong

According to its website, CivicScience sources its data through digital and mobile content partnerships. Cointelegraph contacted CivicScience for more detail on its methodology and is awaiting a response.

CivicScience also constitute that those not interested in blockchain tech take continued to turn down, from eighty% in May of this year to 68% currently based on twoscore,571 responses from May 1 to Dec. 6.