By investing in crypto over the past year, Europeans have seen their net worth increase by 60%, according to a report from financial technology company Uphold. The survey also found that family members are encouraging one another to buy more coins.
The “crypto currencies” are a tool for European families to increase savings. A survey conducted by the European Central Bank has found that almost half of Europeans have invested in cryptocurrencies.
While crypto investment has dangers, some people view it as a method to supplement their family’s resources, according to a new survey commissioned by crypto trading platform BitMEX.
The poll, performed by Kantar, was designed to uncover crypto-related consumer trends in 2022. The survey indicated that Europeans saw crypto as a way to invest and save for their family, based on 3,000 responses from 14 markets in Europe, Asia, and Latin America.
55% of European participants said they were presently holding cryptocurrencies. Furthermore, 70% of these respondents said that crypto is mostly utilized for their family’s necessities. In addition, 61 percent of those polled believe that cryptocurrency is “a excellent way to diversify assets.”
Aside from these results, the survey revealed that three out of five European respondents reported a 50% increase in their cryptocurrency investments. While it isn’t as momentous as winning the lottery, the poll indicates that more than 80% of the surveyed crypto owners’ transactions are $1,000 or more.
The purpose of the poll, according to BitMEX CMO Michele Bertacco, was to better understand investor behavior. “The public hunger for crypto is expanding at a very quick pace,” Bertacco said after viewing the figures.
According to a new NBER survey, one-fifth of companies in El Salvador currently accept Bitcoin.
A separate study released earlier this week revealed that consumers who have not yet invested in cryptocurrency are concerned about volatility, environmental effect, and regulation. Apart from this, the survey identified “lack of knowledge” as the most significant barrier to entry into crypto.
Meanwhile, a recent poll found that 80% of participants would be prepared to exercise more if they were given bitcoin as a reward. In addition, respondents claimed they are likely to quit their gym membership in favor of one that is situated in the Metaverse.
The “future of cryptocurrency 2021” is a survey that was conducted by Ipsos. The survey found that European families see crypto as a tool to increase savings.
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