Our angle or method in the direction of cryptocurrency investments are decided by our understanding or information of primary monetary ideas (monetary literacy) and our capability to evaluate the potential dangers concerned with investing in Bitcoin (BTC) and different digital property. This, in line with researchers Georgios Panos and Tatja Karkkainen.
The emergence of cryptocurrencies like Bitcoin and Ethereum led to the start of a brand new Fintech period, in line with a analysis mission by Panos and Karkkainen.
The researchers declare that they analyzed knowledge obtained from a worldwide survey so as to determine the traits of present and potential crypto-asset merchants or traders.
Panos and Karkkainen reportedly used knowledge from the ING 2018 International Worldwide Survey (carried out on-line and over the telephone) on Cellular Banking. The survey included responses from folks residing in 15 totally different international locations together with the US, Australia, the UK, and a number of other EU nations. A number of Jap European and Central Asian international locations additionally took half within the survey.
The outcomes from the examine revealed that “the more financially literate are less likely to own cryptocurrencies.”
The researchers famous:
“[According to the survey’s results,] the financially literate are extra probably not [planning] to personal [cryptocurrencies] sooner or later. Expectedly, they’re extra prone to have heard of cryptocurrencies earlier than. These outcomes are economically and statistically vital.“
(Observe: the total survey outcomes and report can be found right here.)
As reported in July 2020, UK primarily based Millennials with £25,000+ in investable property are more and more investing in Bitcoin (BTC) and different cryptocurrencies (in line with a survey).
A May 2020 survey of over 5,000 folks from 17 international locations revealed that just about half of respondents mentioned they belief Bitcoin over massive banks, which is a 29% improve from 2017.
Apparently, the vast majority of crypto customers worldwide assist the taxation of digital property transactions, in line with a survey from earlier this 12 months.