Tag Archives: Survey

According to a study by Bybit and Toluna, 64% of North Americans spend less than two hours or don’t research at all before investing in cryptocurrencies. Boomers (those aged 56-64) tend to be more cautious, focusing on technical factors and inspecting the market a few days before diving into it. Jumping on the Bandwagon Without Proper Analysis The cryptocurrency exchange – Bybit – and the consumer intelligence platform – Toluna – surveyed over 10,000 individuals to determine...

Illegal financial transactions involving cryptocurrencies in 2022 have reportedly surged for a second consecutive year, tapping an all-time high of $20.1 billion.  The previous record was in 2021, when digital assets facilitated criminal proceedings worth $18 billion. Going Up Amid the Bear Market Apart from the significant market decline, the numerous bankruptcies, and scandals, 2022 will be remembered as a flourishing year for illicit cryptocurrency transactions. According...

CNBC’s “Your Money Survey” estimated that 60% of the American participants consider the risk of investing in cryptocurrencies to be high. Just 5% of the respondents believe it is entirely safe to allocate some wealth to the asset class. Crypto Looks Riskier to Americans The decline of the cryptocurrency market, as well as the various adverse events in the sector, have had an impact on the sentiment among many Americans. CNBC’s latest research found out that 60% of the US...

A recent study conducted by CNBC estimated that only 8% of American participants currently have a favorable view of cryptocurrencies. Those who supported the asset class in March 2022 were 19%. The market has been through a lot since then – the prices plummeted, the Terra ecosystem crashed, and FTX filed for bankruptcy. Change of Trends 43% of the US participants in CNBC’s “All-America Economic Survey” said they have a negative view of digital currencies, while this figure...

A recent Grayscale-backed study suggests more than half of Americans agree that “cryptocurrencies are the future of finance.” The sentiment appears to span across the political aisle, as both 59% of Democrats and 53% of Republicans agree with the statement. Who Loves Crypto? The study, conducted by The Harris Poll on Grayscale’s behalf, surveyed over 2000 Americans over 18 years old between October 6 and 11. The data were weighted based on demographic characteristics like...

A survey conducted by BlockFi shows that female generation Z and millennials who are new to investments are willing to put their money in crypto before anything else. This October 24, U.S-based cryptocurrency company Blockfi released its latest edition of a crypto survey focused on assessing women’s investment patterns. The results showed that one in ten women picked cryptocurrencies as their first investment. Besides those results, a previous research, the Real Talk: Women x...

A recent survey conducted by the University of Central America (UCA) estimated that 77% of the polled Salvadorans think adopting bitcoin as a legal tender 13 months ago was a mistake. However, nearly 76% of the locals remain supportive of their BTC-loving President Nayib Bukele, who has initiated numerous reforms and waged war on domestic drug cartels. Salvadorans not Withdrawing Their Support The small Latin American nation – El Salvador – made the headlines last year by...

Two-thirds of the polled American investors, aged between 21 and 42, believe it is impossible to achieve above-average returns relying only on traditional finance. Instead, they see cryptocurrencies as appropriate tools for the job. Numerous previous researches have shown that younger generations are much more inclined toward the digital asset sector than older individuals. At the peak of the bull run in 2021, many youngsters said they would be happy to receive part of their...

A new report from the Bank of Canada has unearthed some intriguing facts about the state of Bitcoin ownership across the country.  The report found that about 13% of Canadians owned Bitcoin in 2021 – but that investors of average financial literacy are the least likely of all to buy in.  When and Why Do Canadians Buy BTC? As the central bank’s survey showed, Bitcoin ownership figures in 2021 were more than double the 5% ownership present from 2018 to 2020. The increase was...

An analysis carried out by the financial services company – Bankrate – determined that US millennials are not as enthusiastic about cryptocurrencies as they were last year. Around 30% said they feel comfortable investing in digital assets compared to 50% in 2021. The Latest Change in Trends Younger generations, including millennials and Generation Z, are among the most active demographic groups in the cryptocurrency space. A recent survey, though, revealed that the former had...