Survey news-Page 9
Majority of Indian investors see 'no easy way to enter' crypto
A comprehensive survey from India’s CoinDCX exchange has found that most local investors don’t see an “easy way” to access exposure to crypto assets. That’s despite the country reversing a ban on financial institutions providing services to digital asset businesses earlier this year. According to the exchange’s findings, 56% of respondents under the age of 40 assert there is stil “no easy way to enter” the markets. This sentiment is also shared by 60% of respondents earning less than 500,000 Indian Rupees ($6,700) per year. Many segments of India’s population also cite a lack of “legal & regulatory clarity” as …
Adoption / Nov. 27, 2020
Survey of millionaires finds 73% own or want to invest in crypto
A survey of more than 700 high-net-worth individuals, or HNWs, has found that almost three-quarters of millionaire respondents either already own or are looking to invest in cryptocurrencies before the end of 2022. Conducted by financial advisory organization deVere Group, the survey revealed that 73% of respondents are bullish toward cryptocurrencies, an increase from 68% in 2019. Participants were individuals who had more than 1 million British pounds, which equates to approximately $1.32 million. They were selected from a wide variety of regions including the United States, the United Kingdom, Asia, Africa, the Middle East, Australia and Latin America. DeVere …
Bitcoin / Nov. 19, 2020
Grayscale Survey: COVID-19 made Bitcoin more appealing to investors
A survey by Grayscale Investments indicates that the COVID-19 pandemic has increased investor appetite for Bitcoin (). The firm surveyed 1,000 U.S. consumers between the ages of 25 and 64 that were involved in personal investments of $10,000 or more in household investable assets. The survey was conducted in June-July 2020. 63% of the respondents who had invested in Bitcoin in the previous four months said that the pandemic had an impact on their decision. Moreover, 39% found Bitcoin to be more appealing because of the pandemic. Only 13% said that the events surrounding COVID-19 made the asset less desirable: …
Bitcoin / Oct. 27, 2020
Mainstream lags in crypto understanding, think tank survey finds
The Royal United Services Institute and the Association of Certified Anti-Money Laundering Specialists, collaborating with YouGov, conducted a survey on authorities' perception of the crypto industry. "The RUSI-ACAMS Cryptocurrency Risk & Compliance Survey provides unprecedented insight into how governments, the cryptocurrency industry, traditional financial institutions, and others view the use of cryptocurrency, including its inherent risks and the robustness of compliance controls within the cryptocurrency sector," the survey says. The endeavor questioned authorities worldwide, ultimately receiving 566 different insights. The survey reveals a number of results, including disagreement on the safety of crypto-asset use. Mainstream entities polled see the asset …
Technology / Sept. 29, 2020
Yield farmers make 500% returns, but most can't read smart contracts
The majority of yield farmers do not understand how to read the potentially risky smart contracts that underpin the decentralized finance (DeFi) ecosystem — but that hasn’t stopped them making huge profits. Crypto market data aggregator CoinGecko has published its findings from a survey of 1,347 of its users about yield farming, finding that 93% of respondents claim to have reaped a financial return of at least 500%. However around half of users are currently farming with less than $1,000, making high gas fees a significant concern in the community, even though three quarters were still willing to pay more …
Ethereum / Sept. 22, 2020
Financial literacy will make the digital asset industry sustainable for the future
The cryptocurrency market is still in its infancy, and the overpowering sense of possibility is strong. The range of attitudes toward crypto is generally broad, but recent surveys shed light on certain inclinations one way or another. On one hand, we see beginners who venture into projects they fail to fully grasp, and on the other, we see aspirants to crypto investing who question their capability of getting involved. At one end of the spectrum are the crypto dilettantes, where interestingly, understanding and confidence tend to be inversely correlated. Last year, Dutch bank ING interviewed around 10,500 people in Europe …
Technology / Sept. 19, 2020
Survey: Almost half of crypto traders are long-term investors
According to a recent survey of Huobi traders, 45% of respondents have time horizons longer than one year, with 12.5% saying that they are willing to wait over four years for a return on their investment. This seems to contradict the widely accepted view that most crypto investors are just there to make a quick buck. When asked which asset they have held the longest, it’s no surprise that 69% said it was Bitcoin (BTC). Despite the vast majority of respondents belonging to the 26–50 age range, most of the respondents have less than three years of investment experience. Also, …
Bitcoin / Sept. 18, 2020
Report: Most firms in Korea’s ‘blockchain city’ don’t know what blockchain is
A recent report from the Busan Research Institute has revealed a peculiar trend: 62% of firms in the blockchain sandbox city of Busan, South Korea apparently do not know anything about the technology. Since last year, Busan has been considered a "regulation-free" zone for blockchain development by the South Korean federal government. The city has undertaken numerous projects in the blockchain space including plans for a blockchain-based virtual power plant, and even its own municipal cryptocurrency. This makes the underwhelming results of the “Report on Activation of the Busan Blockchain Free Regulatory Zone,” reported by local media outlet Fn News, …
Adoption / Sept. 18, 2020
Most Music Listeners Would Pay for Music With Crypto to Help Artists
A survey conducted by pioneering digital music store eMusic revealed that most of their service’s users were open to paying with crypto if it allowed artists to earn more. The survey — shared exclusively with Cointelegraph — revealed that 65% of eMusic customers would use cryptocurrency if it was for the aforementioned reasons. It is worth noting that a mere 8% of the respondents had used Bitcoin (BTC) or any other crypto in the past. Per the announcement, 800 eMusic users answered questions about cryptocurrencies and their use in the music industry. Survey data revealed that 40% of music listeners …
Music / July 22, 2020
Survey Shows 42% of Investors Expect a $15K Bitcoin Price in 2020
A survey conducted by major crypto custodian Bitcoin IRA revealed that 42% of the platform’s customers expect Bitcoin’s (BTC) price to exceed $15,000 by the end of 2020. According to a June 29 announcement, Bitcoin IRA surveyed over 300 of its customers who answered their questions on a voluntary basis. A staggering 57% of the respondents also said that they buy and hold cryptocurrency as a long-term investment. Bitcoin IRA has high hopes for Bitcoin Bitcoin IRA’s head of marketing, Mike Schrobo, told Cointelegraph that all respondents were retail investors. When asked whether the firm believes the price prediction is …
Bitcoin / June 30, 2020
Chinese Companies to Bet Big on Blockchain Despite COVID-19 Crisis
A survey of 350 Chinese companies revealed that Blockchan’s pre-COVID-19 corporate bullishness remains alive in the region. According to Xinhua, the study, called “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the coronavirus outbreak remain optimistic about the potential of Blockchain technology. Up to 20% believe that they will invest even more to mitigate the effects of the crisis. Almost 10 types of industries remain “bullish” towards blockchain Most believe that blockchain technology implementation could help the national economy recover from the financial ravages of the ongoing pandemic. Respondents come from 10 different industries, including …
Adoption / June 14, 2020
Survey Respondents Are Split 50/50 Between Bitcoin & Big Banks
The survey results are in — there is almost an equal split on the issue of trust: Bitcoin (BTC) or big banks. There has also been an incredible change in attitudes over the past three years on the issue. Who trusts in Bitcoin? The Tokenist surveyed 4,852 respondents in 17 countries about their attitudes towards Bitcoin. It also compared its findings with the responses from previous similar surveys. This allowed it to observe how these attitudes changed over time. If you had to choose, which of the following is more trustworthy? Source: The Tokenist. The winds of change Not only …
Adoption / June 13, 2020