A new study by Slovakian internet security company Eset shows that 50 percent of people between the ages of 35 and 44 are using cryptocurrencies after the pandemic. This number, the highest of any age group, highlights the role that Kovid 19 restrictions have played in forcing citizens of six countries to use crypto assets.
Change in habits and preferences
According to a press release from Eseth, a total of about 10,000 consumers participated in the survey, including 2,000 in the United States. The remaining respondents were from the United Kingdom, Australia, Japan, Mexico and Brazil.
As the results of the Eset Global Fintech Study show, the change in habits and preferences may have been caused by the lack of access to physical banks during the Covid 19 blockades. Blockchains have not only spurred the use of cryptocurrencies, but have also contributed to the rise of banking practices that adhere to the rules of social distancing.
(About 30% of Americans said they banked online more often, and 30% said they banked mobile more often. The second most common response was an increased interest in managing their own finances (23%), according to the survey report.
Meanwhile, these new findings from Eset researchers are the latest addition to the growing body of knowledge on the role of the pandemic in accelerating the use and adoption of cryptographic leaves.
More cryptocurrencies discovered in Q4
At the same time, in support of the findings of the latest study, Eset researchers also point to another study that confirms the rise of cryptocurrencies. According to the study, identified cryptocurrency activity, which had been steadily declining since October 2018, increased by 4 percent in the fourth quarter of 2020. Researchers at Eset explain this increase in potentially unwanted applications (PUAs) as follows.
The surge in cryptocurrency recognition appears to be due in large part to the huge rise in the price of bitcoin and other cryptocurrencies in the fourth quarter. Bitcoin ended the year at its all-time high to date, peaking on the 31st. December 2020 at over $29,000 per BTC.
On the other hand, researchers also point to an increase in targeted ransomware attacks demanding payment in cryptocurrencies, another sign of the growing popularity of cryptocurrencies after the pandemic.
Do you think the end of the Covid 19 restrictions will lead to a decline in the use of cryptocurrencies? You can share your thoughts below in the comments section.
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