Study shows Ripple, Polkadot, and Stellar holders are the ‘most anxious’ crypto owners

Set to explore current investor habits and the impact that 24/7 crypto trading can have on mental health, The Sleep Judge surveyed over 1,000 Americans and uncovered which cryptos are causing the most anxiety.

According to the popular sleep-related products reviewer, the results uncovered how often Americans check their crypto investments and how crypto trading is affecting their sleep and relationships.  

Losing sleep over crypto

The survey uncovered that “the generation most invested in cryptocurrency was Generation X, with 70% of respondents born from 1965 to 1980 identifying as crypto investors. Baby boomers and millennials weren’t too far behind at 68% and 67%, respectively. Less than half of Gen Zers surveyed were currently invested in crypto.”

“The greatest divide between the generations became apparent when we asked about reasons for investing in crypto,” read the report, revealing that 57% of baby boomers are invested in crypto for retirement, while 49% of millennials are invested to make money quickly.

The results also revealed that, while most crypto investors check their investments on a weekly basis, 50% of Gen Zers were most likely to check the market daily.

Almost 70% of non-investors reported good to excellent sleep quality versus around 63% of those who invest in crypto and, as the survey suggests, there is a clear correlation between the amount of money people had invested in crypto and how well they slept.

“Those who’d invested less than $1,000 reported fewer hours of sleep per night than those with more than $1,000 invested,” read the report, adding that “perhaps those with less invested are kept up at night thinking about how to increase their holdings or worrying about a market dip that may cause losses in their current holdings.”

XRP, XLM, and DOT investors report the highest levels of anxiety

The Sleep Judge concluded the study by examining the effects of crypto trading on investors’ mental health and relationships. 

74% of baby boomers are concerned about their crypto investments, followed by millennials (66%), Gen Xers (61%), and Gen Zers (56%).

According to the survey, crypto investors surfaced as more stressed about investment risks than traditional investors.

71% of crypto investors, versus 63,9% of traditional investors said that they would be stressed if all their investments were lost.

“Breaking it down by type of cryptocurrency, Bitcoin (BTC) holders were both the least anxious and least depressed in comparison with other crypto holders. Ripple (XRP), Stellar (XLM), and Polkadot (DOT) traders reported feeling the most anxious and depressed,” read the report, adding that crypto investors were less satisfied with spousal and parent/child relationships than those who didn’t invest in crypto.

“Due to its 24/7 nature, crypto trading can become an addiction for some people in much the same way as gambling. According to recent research, the extreme highs and lows of investment markets can cause mental health issues such as stress, anxiety, and depression,” concluded the report.

The post Study shows Ripple, Polkadot, and Stellar holders are the ‘most anxious’ crypto owners appeared first on CryptoSlate.


Share on facebook
Share on twitter
Share on pinterest
Share on linkedin

Follow Us

Most Popular

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.
On Key

Related Posts

Ethereum Supply Shock Grows As Reserves Decrease, ETH 2.0 Contract Increases

The Ethereum supply shock has been growing as exchange reserves continue to decrease and value staked in ETH 2.0 contract rises. Ethereum Supply Shock: Exchange Reserves Go On Decreasing While ETH 2.0 Staking Contract Grows In Value As pointed out by a CryptoQuant post, ETH exchange reserves have been decreasing while the coins locked in

Uncertainty in XRP Price Action Could Be a Negative Signal!

Despite the ups and downs, XRP has a relatively higher position and ranks among the crypto world leaders. It is a first-of-its-kind cryptocurrency and has offered tremendous value to investors in its popularity and real-life use cases. XRP currently holds the 6th position in market capitalization with a total circulating asset of USD 50.94 billion.

Australian Creative Agency Accepts Cryptocurrency

Born Bred, the influencer marketing and creative agency of New Zealand and Australia, has decided to accept cryptocurrency as payment for its services. According to the latest announcement, Born Bred is ready to accept almost all major cryptocurrencies as modes of payment. The agency will now allow transactions in Bitcoin, Ethereum, and Ripple on its

Chingari Announces Its NFT Plan with $GARI Token

In a significant development for the NFT domain, the Chingari short video platform has announced its first token called $GARI. The organization is on the way to launching a marketplace for NFTs. Prominent Bollywood personalities Salman Khan and Vaani Kapoor were present on the occasion.  The organization has recently concluded the funding round in which