Approximately 50% of cryptocurrency users invest in digital assets to improve their living standards.
According to a new survey by crypto exchange Bitget released on October 5, 46%, 44%, and 41% of respondents in South Korea, Canada, and Turkey, respectively, stated that their top financial goal when investing in digital assets is to improve their standard of living. On the other hand, nearly 36% of respondents in Malaysia and Taiwan said improving their family's quality of life was more important than other goals.
27% of female crypto investors in the US and Turkey said they invested in digital assets to finance their children's education. In terms of investment amount, Chinese users showed the highest level of participation. 18% of survey respondents invested between $50,000 and $100,000 in crypto assets, and an additional 19% invested between $100,000 and $500,000 in crypto assets.
The survey was conducted between May and August and included more than 1,500 respondents from 20 countries across the EU, China, Japan, South Korea, Turkey, the US and Canada.
Although interest in cryptocurrencies has paused in certain regions around the world due to tightening regulations and falling prices, usage continues to increase. For example, in a recent survey conducted in Nigeria, 99% of respondents said they were aware of digital assets and 90% planned to invest in cryptocurrency in the next year.
Do you think cryptocurrencies are an effective tool to improve living standards? We are waiting your comments.
According to a new survey by crypto exchange Bitget released on October 5, 46%, 44%, and 41% of respondents in South Korea, Canada, and Turkey, respectively, stated that their top financial goal when investing in digital assets is to improve their standard of living. On the other hand, nearly 36% of respondents in Malaysia and Taiwan said improving their family's quality of life was more important than other goals.
27% of female crypto investors in the US and Turkey said they invested in digital assets to finance their children's education. In terms of investment amount, Chinese users showed the highest level of participation. 18% of survey respondents invested between $50,000 and $100,000 in crypto assets, and an additional 19% invested between $100,000 and $500,000 in crypto assets.
The survey was conducted between May and August and included more than 1,500 respondents from 20 countries across the EU, China, Japan, South Korea, Turkey, the US and Canada.
Although interest in cryptocurrencies has paused in certain regions around the world due to tightening regulations and falling prices, usage continues to increase. For example, in a recent survey conducted in Nigeria, 99% of respondents said they were aware of digital assets and 90% planned to invest in cryptocurrency in the next year.
Do you think cryptocurrencies are an effective tool to improve living standards? We are waiting your comments.