Investor
globally moves to cryptocurrencies to prioritize enhancing their living
standards and overall quality of life, the recent Bitget’s report unveiled. For
instance, 46% of South Korean investors aim to improve their living conditions,
while 36% of investors in Malaysia and Taiwan focus on boosting family income.
Bitget, a popular
crypto derivative and copy trading exchange , has released a new study that
delves into crypto enthusiasts’ financial goals and investment behaviors
worldwide. Conducted between May and August 2023, the study surveyed over 1,500
participants from 20 countries, offering a comprehensive look at how geography
and gender shape investment strategies in the crypto space.
The study
showed that global crypto investors’ primary financial objectives are to
improve their living conditions and overall well-being.
Source: Bitget
To break it
down further, individuals from South Korea, Canada, and Turkey were most keen
on elevating their personal living standards, accounting for 46%, 44%, and 41%
of responses in these countries, respectively. On the other hand, investors in
Malaysia and Taiwan see crypto investments as a crucial tool for improving
their family’s financial standing, with 36% of responses from these regions
focusing on this goal.
Keep Reading
Source: Bitget
However, the issue of trust remains. According to a separate study, one-third of cryptocurrency users currently do not trust centralized exchanges that offer trading and storage of cryptocurrencies.
Sex in Crypto Matters
The report found
that gender plays a significant role in shaping financial goals. In South Korea
and Japan, more female investors concentrate on personal finances.
Specifically, 49% of female investors in South Korea and 41% in Japan have this
focus, compared to 17% and 30% of male investors in these countries.
Source: Bitget
In Turkey
and the United States, about 27% of female investors use crypto investments to fund
their children’s education. This starkly contrasts South Korea and Japan, where
the percentages are notably lower, standing at 5% and 4%, respectively.
Investment Amounts Differ
across Countries
Chinese
investors are particularly active, with 19% investing over $100,000 in
cryptocurrencies . On the other hand, in Europe, Turkey, and South Korea,
approximately half of the investors allocate between $1,000 and $10,000 for
their crypto investments. In addition, the rising number of European fintech companies is moving toward adopting cryptos and offering services in the digital asset industry.
An earlier
report by Bitget from August showed that among cryptocurrency traders, the most
profitable group is the youngest investors, representing Generation Z.
According to the study, as many as 85% of them report income. Interestingly,
investors under the age of 25 account for nearly half of all transactions in
cryptocurrency copy trading.
The Bitget
study not only reveals a variety of motives but also identifies common threads
that reflect different stages of crypto adoption worldwide. The exchange plans
to continue its research to understand better changing user behavior.
Investor
globally moves to cryptocurrencies to prioritize enhancing their living
standards and overall quality of life, the recent Bitget’s report unveiled. For
instance, 46% of South Korean investors aim to improve their living conditions,
while 36% of investors in Malaysia and Taiwan focus on boosting family income.
Bitget, a popular
crypto derivative and copy trading exchange , has released a new study that
delves into crypto enthusiasts’ financial goals and investment behaviors
worldwide. Conducted between May and August 2023, the study surveyed over 1,500
participants from 20 countries, offering a comprehensive look at how geography
and gender shape investment strategies in the crypto space.
The study
showed that global crypto investors’ primary financial objectives are to
improve their living conditions and overall well-being.
Source: Bitget
To break it
down further, individuals from South Korea, Canada, and Turkey were most keen
on elevating their personal living standards, accounting for 46%, 44%, and 41%
of responses in these countries, respectively. On the other hand, investors in
Malaysia and Taiwan see crypto investments as a crucial tool for improving
their family’s financial standing, with 36% of responses from these regions
focusing on this goal.
Keep Reading
Source: Bitget
However, the issue of trust remains. According to a separate study, one-third of cryptocurrency users currently do not trust centralized exchanges that offer trading and storage of cryptocurrencies.
Sex in Crypto Matters
The report found
that gender plays a significant role in shaping financial goals. In South Korea
and Japan, more female investors concentrate on personal finances.
Specifically, 49% of female investors in South Korea and 41% in Japan have this
focus, compared to 17% and 30% of male investors in these countries.
Source: Bitget
In Turkey
and the United States, about 27% of female investors use crypto investments to fund
their children’s education. This starkly contrasts South Korea and Japan, where
the percentages are notably lower, standing at 5% and 4%, respectively.
Investment Amounts Differ
across Countries
Chinese
investors are particularly active, with 19% investing over $100,000 in
cryptocurrencies . On the other hand, in Europe, Turkey, and South Korea,
approximately half of the investors allocate between $1,000 and $10,000 for
their crypto investments. In addition, the rising number of European fintech companies is moving toward adopting cryptos and offering services in the digital asset industry.
An earlier
report by Bitget from August showed that among cryptocurrency traders, the most
profitable group is the youngest investors, representing Generation Z.
According to the study, as many as 85% of them report income. Interestingly,
investors under the age of 25 account for nearly half of all transactions in
cryptocurrency copy trading.
The Bitget
study not only reveals a variety of motives but also identifies common threads
that reflect different stages of crypto adoption worldwide. The exchange plans
to continue its research to understand better changing user behavior.
