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About 40% Of Chinese Want To Invest In Cryptocurrencies — Survey

20:50 03/01/2019

According to the PANews study, 40% of Chinese residents intend to become cryptocurrency owners in the near future. At the same time, the industry in the country is at risk of collapse since digital currencies and ICOs are prohibited, and startups and exchanges are forced to relocate to more loyal states.

 

It is noteworthy that despite the bans imposed by the regulators, 98% of 5000 respondents have a basic knowledge of cryptocurrencies or have heard something about them. Meanwhile, only 20% are familiar with blockchain, despite the fact that the Chinese government is actively developing in this area and promotes the technology to create smart cities, for instance. 

14% of the respondents have already invested in cryptocurrency, over half of which is the young generation. In general, more than 80% of Chinese consider digital money as an alternative financial instrument.

 

According to the respondents, the main issues in using cryptocurrencies are difficulties in working with digital wallets and exchanges, as well as high market volatility and barriers built by the regulators.

 

Coinbase, a popular trading platform, conducted a similar study. The experts have found that American students are twice more likely to own cryptocurrencies than an average US resident. According to the survey, 18% of students called themselves crypto investors.

At the same time, 42% of the top 50 American universities offer at least one course for the study of cryptocurrency and blockchain technologies.

 

Earlier, the analysts from Cambridge found that the number of users of digital currencies increased despite the fall of bitcoin.

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