European families see crypto as a tool to increase savings: Survey

While determination are risks associated with crypto investing, immoderate spot it arsenic a mode to boost their household savings, a caller survey commissioned by crypto trading level BitMEX shows. 

The survey, conducted by probe steadfast Kantar, tried to observe crypto-related trends among consumers successful 2022. Going done 3,000 respondents wrong 14 markets successful Europe, Asia and Latin America, the survey recovered that Europeans look astatine crypto arsenic a method for investments and redeeming up for their families.

55% of the European participants declared that they presently clasp cryptocurrency. Moreover, 70% of these respondents noted that crypto’s main relation is to beryllium utilized for their family’s needs. Additionally, the survey besides recovered that 61% of the respondents spot crypto arsenic “a bully mode to diversify investments.”

Apart from these findings, the survey mentioned that 3 retired of 5 European respondents declared a 50% maturation successful their crypto investments. While the fig isn’t arsenic important arsenic winning the lottery, the survey notes that much than 80% of the transactions of the surveyed crypto owners are $1,000 and above.

BitMEX main selling serviceman (CMO) Michele Bertacco said that the survey's extremity was to recognize investors' behaviour better. After seeing the results, Bertacco explained that "The mainstream appetite for crypto is increasing astatine a precise accelerated speed."

Related: One-fifth of businesses successful El Salvador present judge Bitcoin: NBER study

Earlier this week, a antithetic survey showed that radical that have not invested successful crypto are disquieted astir volatility, biology interaction and regulation. Apart from these, the survey besides noted “lack of understanding” arsenic the astir salient partition that stops investors from getting into crypto.

Meanwhile, a much caller survey showed that 80% of participants are willing to enactment retired more if they got cryptocurrency arsenic an incentive. Additionally, respondents besides said that they are apt to cancel their gym rank successful speech for 1 based successful the Metaverse.