Nearly 50% of digital asset users view added financial liquidity as a major reason for investing in cryptocurrencies, according to a recent survey conducted by cryptocurrency exchange Bitget. The study aimed to uncover the regional dynamics of cryptocurrency investments, along with its impact on gender and other social factors. The survey included 1,500 participants from 20 countries, revealing that approximately 50% of respondents invested in crypto with the goal of improving their financial situation.
The Role of Cryptocurrencies in Improving Living Standards
The survey shed light on the varying perspectives across different countries. In South Korea, 46% of respondents saw cryptocurrency as a means to elevate their living standards. Similarly, 44% of participants in Canada and 41% in Turkey shared this view. This highlights the increasing recognition of cryptocurrencies as a potential tool for financial growth and stability.
The rise of cryptocurrencies, especially altcoins, has presented a significant shift in how users perceive traditional finance. Initially, blockchain assets were developed to provide utility, but the market’s price volatility attracted early adopters who saw it as an opportunity to make money. Subsequently, the proliferation of altcoins created a dilemma for traders, as some achieved desired results while others suffered significant losses.
Investment Objectives Based on Gender and Geographic Regions
The survey also examined the goals of female crypto investors compared to their male counterparts. Across most countries, female investors prioritized improving their family’s general well-being more than males did. However, in South Korea and Japan, only 12% of women directed their investments towards their family, while 17% of males shared this sentiment. Interestingly, 49% of female users in South Korea and 41% in Japan planned their investments with a more personalized approach.
Education emerged as a significant factor driving investments in digital assets, particularly in the United States and Turkey. Approximately 27% of female respondents from both countries stated that any investment rewards they receive would be directed towards their children’s educational needs. In contrast, South Korea and Japan reported lower numbers at 5% and 4%, respectively, in this regard.
Furthermore, the survey revealed varying investment amounts across different regions. Chinese participants showed higher investment levels, with 18% investing between $50,000 and $100,000 in virtual assets, while 19% invested $100,000 to $500,000. In South Korea, the majority (46%) of investments fell within the $1,000 to $10,000 range. Similar figures were observed among European investors.
Bitget emphasized that the research aimed to capture investment motivations across regions and track behavioral patterns among crypto users. These findings contribute to a growing body of knowledge regarding the adoption and awareness of cryptocurrencies worldwide.
In a related report, ConsenSys highlighted the increasing number of crypto adopters across various jurisdictions, with Nigeria leading in terms of crypto awareness despite previous local regulations.
