Crypto news

Analysts understand who buys bitcoins

Researchers from Block said there is a direct correlation between the likelihood of buying and the level of awareness of digital assets.

They surveyed 9,500 respondents from North America, Europe and the Middle East, and Asia-Pacific.

41% of those who ranked their knowledge of cryptocurrencies as sufficient said they were highly likely to buy bitcoin in the next 12 months. Among those who rated their level as insufficient, there were only 7.9%.

Experts found the greatest interest in digital assets in Nigeria, India, Vietnam and Argentina.

Among the reasons for not being ready to buy bitcoin respondents named the lack of necessary education (51%), fear of potential theft (32%) and high volatility (30%).

Respondents from relatively low-income countries consider the first cryptocurrency as a means of payment or for use in transfers (40%).

In higher-income countries, half of the survey participants view bitcoin as an earning opportunity and 30% as an opportunity to diversify their investment portfolios.

The experts also found a high correlation between the desire to buy bitcoin and inflation in the respondent’s country. The highest percentage (45%) of those who consider digital gold as a protection against significant increases in consumer prices is among residents of Argentina.

The study also showed a higher awareness of bitcoin compared to Ethereum – 88% and 43% of respondents knew about these digital assets, respectively.

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