Despite the gloom of the current cryptocurrency winter, along with the failures of crypto giants like FTX, the community seems to remain bullish on cryptocurrencies, according to a new survey.
Cryptocurrency markets experienced a sell-off in 2022, with total market capitalization plunging nearly 70% since Bitcoin (BTC) hit all-time highs of $69,000 in November 2021.
But this did not stop investors from buying more cryptocurrency, as 41% of respondents said they would buy cryptocurrency in 2022 in an online survey conducted by Blockchain.com.
Posted on December 22, the survey has polled more than 40,000 people around the world who visited the Blockchain.com Explorer website, which is one of the largest cryptocurrency websites in the world in terms of traffic. The study is titled “Crypto Confidence: A Survey on Investor Sentiment” and was conducted between November 28 and December 9, 2022.
According to the survey results, a significant part of the people is also willing to continue buying cryptocurrencies next year. Despite a difficult year for the cryptocurrency industry, almost 40% of those surveyed indicated that they plan to buy cryptocurrencies like Bitcoin in 2023.
Additionally, around 40% of those surveyed said they will be discussing cryptocurrency at the Christmas table this season, which is seen as a sign of growing awareness.
Aside from general investor sentiment, the survey also offers some geographical insights, with Brazil, Nigeria and Ghana being the most bullish countries.
Thus, 50% of those surveyed in Brazil claimed to have bought cryptocurrencies in 2022, and 50% also plan to buy digital currencies next year. 50% of Nigerians said they bought crypto this year, while up to 60% of Ghanaian respondents said they expect to buy crypto in 2023.
On the contrary, Germany and Italy emerged as one of the most skeptical countries in terms of investor sentiment towards the crypto sector. Only 31% of Italian respondents said they bought crypto this year, with 29% planning to buy next year. Only 34% of respondents from Germany bought cryptocurrencies in 2022 and 30% plan to do so in 2023.
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