Although there are risks associated with investing in cryptocurrencies, some see them as a way to boost their family savings, a recent study commissioned by cryptocurrency trading platform BitMEX shows.
the surveyconducted by the research company Kantar, tried to discover cryptocurrency related trends among consumers in 2022. Across 3,000 respondents in 14 markets across Europe, Asia, and Latin America, the study found that Europeans view cryptocurrencies as a method of investing and saving for their families.
55% of European participants stated that they currently own cryptocurrencies. Besides, 70% of these respondents indicated that the main function of cryptocurrencies is to be used for the needs of their family. Furthermore, the survey also found that 61% of respondents see cryptocurrencies as “a good way to diversify investments.”
Apart from these conclusions, the study mentions that three out of five European respondents declared a 50% growth in their investments in cryptocurrencies. Although the figure is not as significant as winning the lottery, the survey notes that more than 80% of the transactions of the surveyed crypto owners are $1,000 or more.
BitMEX Chief Marketing Officer (CMO) Michele Bertacco said the aim of the survey was to better understand investor behavior.. After seeing the results, Bertacco explained that “The appetite of the general population for cryptocurrencies is growing at a very rapid rate.”
Earlier this week, a different survey showed that people who have not invested in crypto are concerned about volatility, environmental impact, and regulation. Apart of this, the study also pointed to “lack of understanding” as the most prominent wall preventing investors from entering the cryptocurrency space.
Meanwhile, a more recent survey showed that 80% of participants are willing to work harder if they get crypto as an incentive. Additionally, respondents also said they are likely to cancel their gym membership in exchange for one based on the metaverse.
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