Into The Cryptoverse Survey Shows 56% of Indian Bitcoin/Crypto Investors Say it is the “Future of Finance”

56% of respondents to KuCoin’s Into the Cryptoverse survey believe Bitcoin and crypto are the future of finance

OVER HALF OF INDIAN BITCOIN, CRYPTO INVESTORS SAY IT IS THE FUTURE OF FINANCE: SURVEY

“Cryptocurrency exchange KuCoin published a survey titled ‘Into The Cryptoverse’ showcasing the rising bitcoin and cryptocurrency adoption in India, per a blog post from the company.

Over 115 million investors aged 18 to 60, or 15% of India’s population, reported they currently hold or have traded bitcoin or other cryptocurrencies within the past six months. Another 10% of Indian adults were labeled ‘crypto-curious’, as they intend to begin investing in the ecosystem sometime within the next six months.

While over half of the investors surveyed plan to increase their holdings within the next six months, 41% of respondents stated they were unsure which cryptocurrencies to invest in. Similarly, 37% of respondents struggle with risk-management and 21% aren’t even sure how the assets work.

Therefore, even though there is a large amount of investor interest in India, there are still many informational hurdles hindering wider adoption. Furthermore, 33% of respondents cited government intervention as a concern when deciding if they wanted to invest.”

https://bitcoinmagazine.com/markets/kucoin-releases-into-the-cryptoverse-survey

 

Master Asked on August 25, 2022 in Cryptocurrency.
Add Comment