While there are risks connected with crypto investment, some others see it as a chance to increase their family savings, according to a new survey commissioned by cryptocurrency trading platform BitMEX.
Kantar Research performed the poll to find crypto-related trends among consumers in 2022. The survey, which included 3,000 respondents from 14 markets in Europe, Asia, and Latin America, found that Europeans see cryptocurrency as a way to invest and save for their family.
55% of European participants said that they presently own cryptocurrencies. Additionally, 70% of these respondents said that the primary use of cryptography is to be utilised for the requirements of their family. Furthermore, the study indicated that 61% saw cryptocurrency as a “useful method to diversify assets.”
Apart from these results, the survey said that three out of every five European respondents reported a 50% increase in their crypto investments. While not as significant as winning the lottery, the report reveals that more than 80% of the transactions made by the surveyed crypto owners are $1,000 or more.
The survey’s aim, according to BitMEX CMO Michele Bertacco, was to better understand investor behaviour. Bertacco said after seeing the results that “the mainstream demand for crypto is expanding at a very quick pace.”
A different study released earlier this week revealed that people who have not invested in cryptocurrency are concerned about volatility, environmental impact, and regulation. Apart from this, the survey identified “lack of knowledge” as the most significant barrier preventing investors from investing in cryptocurrency.
