Living Standards and Finance Education Drives Crypto Adoption Metric Nearly 50% of digital asset users view added financial liquidity as a major reason for investing in cryptocurrencies.
A new study conducted by cryptocurrency exchange,
Bitget unveiled the regional dynamics of cryptocurrency investments, its impact on gender, and other social factors.
The company surveyed
1,500 participants across 20 countries, among which nearly 50% expressed that their decision to invest in crypto
was borne out of the need to improve their finances.
Per the survey,
46% of South Korean respondents viewed it as a means of improving living standards while 44% and 41% in Canada and Turkey have similar views.
The rise of cryptocurrencies,
specifically altcoins marked a significant change in the way users view traditional finance. Although developers pushed the utilities of blockchain assets,
the price volatility in the market led to early adopters moving in as an avenue to make money.
With time, this spread
with the proliferation of altcoins creating a dilemma as traders were stuck in the desired results while others recorded sharp losses.
