The entire market of cryptocurrency is quite a volatile one. So, there is no doubt that in order to make investments, one has to know pretty much every single thing about the market. Well, according to the best website crypto news, there are different investors in the emerging markets of crypto that are in the need of more digital currency for sure. This was seen from a survey that had been conducted on the different markets of Latin America and Asia-Pacific regions.
The survey actually showed us that a very large majority of different investors were a part of the LATAM and APAC emerging markets. However, these markets were actually eager to receive a bit more cryptocurrency since they had a proper belief in it. According to about 75% of the investors in the emerging markets, cryptocurrencies will definitely have huge growth in the long term.
According to this recent survey, about 75% of the investors belonging to the Latin American and Asia-Pacific regions want to have exposure to investments in crypto. This popularity of crypto is due to the belief that they have in the long-term trajectory of growth for cryptocurrency.
Researchers that belong to the firm Toluna conducted a survey on 9,000 people from 17 different countries in order to prepare a report that was made public in February. The report found that most of the investors of the emerging markets were very eager to make their investments in crypto. This definitely contrasted with the situation in the developed markets that had the belief that crypto is in the midst of another hype cycle.
Emerging Markets are Lucrative Markets
Emerging markets appear to be the most lucrative markets for growth in the cryptocurrency industry as 32% of consumers surveyed have trust in cryptocurrency compared to just 14% in developed markets such as the U.S. and E.U.
The data suggested that two of the major factors contributing to the broad differences in investing strategy are likely to be awareness and understanding of the crypto markets. Despite 61% of respondents reporting that they are aware of crypto, only 23% said they are familiar with the asset class. Toluna proposes that this may be because “it’s a complex concept that’s not easily understood.”
These days, crypto and nonfungible token (NFT) advertising can be found in many places, including professional sports arenas around the world which increases awareness but not necessarily understanding.
The relative difference in trust is reflected by the disparity between those who have invested in crypto in emerging markets (41%) and in developed ones (22%) of those surveyed. The trust difference is further illustrated by the lower sense of risk perceived by investors in emerging markets. Just 25% of investors in emerging markets believe crypto is too risky to dabble in, whereas 42% in developed markets feel that way.
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However, overall perceived risk in crypto remains high as the report states, “45% of consumers agree that cryptocurrencies are not guaranteed to succeed.” It continues: “Whereas 61% of consumers trust fixed, traditional deposits, just 23% say they trust cryptocurrency deposits in today’s market.”
The survey concluded that the generation with the highest proportion of crypto investors was Millennials. Toluna found that an average of 40.5% of Millennials surveyed aged 25-34 in emerging and developed markets invest in crypto. This data matches up with other similar surveys like Morning Consult’s, which found that 48% of Millennial households surveyed owned crypto by December 2021.
According to the best website crypto news, the investors belonging to Gen Z that is aged about 18-24 are the most excited. These people have basically reported the investment rate to be just below the millennials at about 40%. However, the baby boomers that are in the age of 60 have actually made the lowest number of investments at just about 21% in total.
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