Over Half Of Indian Bitcoin, Crypto Investors Say It Is The Future Of Finance: Survey

KuCoin’s Into The Cryptoverse survey showcases Indian adoption of bitcoin and crypto with 56% of respondents saying the plus people is the aboriginal of finance.

• KuCoin released a survey detailing bitcoin and crypto adoption successful India.
• 56% of surveyed investors judge bitcoin and crypto are the aboriginal of finance.
• India’s capitalist people is becoming progressively younger with time.

Cryptocurrency speech KuCoin published a survey titled “Into The Cryptoverse” showcasing the rising bitcoin and cryptocurrency adoption successful India, per a blog post from the company.

Over 115 cardinal investors aged 18 to 60, oregon 15% of India’s population, reported they presently clasp oregon person traded bitcoin oregon different cryptocurrencies wrong the past six months. Another 10% of Indian adults were labeled “crypto-curious”, arsenic they mean to statesman investing successful the ecosystem sometime wrong the adjacent six months.

While implicit fractional of the investors surveyed program to summation their holdings wrong the adjacent six months, 41% of respondents stated they were unsure which cryptocurrencies to put in. Similarly, 37% of respondents conflict with risk-management and 21% aren’t adjacent definite however the assets work.

Therefore, adjacent though determination is simply a ample magnitude of capitalist involvement successful India, determination are inactive galore informational hurdles hindering wider adoption. Furthermore, 33% of respondents cited authorities involution arsenic a interest erstwhile deciding if they wanted to invest.

Additionally, 26% of respondents expressed interest astir being hacked portion different 23% noted worries regarding the nonaccomplishment of funds owed to information incidents.

Anxieties paired with the government’s levying of a 30% taxation connected integer plus income are arguably not capable to deter the increasing capitalist people of India. Indeed, 56% of surveyed investors judge that bitcoin and cryptocurrency are the aboriginal of concern portion lone 24% stated “hype” arsenic the crushed they entered the ecosystem.

In addition, Indian investors are increasing younger arsenic 39% of those surveyed were aged 18 to 30, which represented a 7% summation successful that property radical from the erstwhile quarter.