U.S. traders dial down exposure as crypto risk appetite drops

Fewer Americans are willing to take big chances with their money, and interest in cryptocurrency has dropped despite steady ownership levels, according to fresh data released by the FINRA Investor Education Foundation. The study surveyed 2,861 people across the United States who hold investment accounts outside their retirement plans. The numbers paint a picture of growing caution among investors. Here’s something that stands out: back in 2021, 12 percent of investors said they were okay with taking substantial risks. Now? That’s down to just 8 percent. For people under 35, the drop is even steeper (from 24 percent to 15 percent). But there’s something odd going on. Even though fewer people want to take big risks, 34 percent still think they have to if they want to hit their financial targets. Among younger investors, that number shoots up to 62 percent. Jonathan Sokobin, Chief Economist at FINRA, said, “The latest...

https://www.cryptopolitan.com/crypto-risk-appetite-us-investors/