75% Of Asia-Pacific and Latin America Emerging Market Investors Want More Crypto.

avatar

In these trying times crypto has proven to be reliable, a good support system, a better option than banks, have more opportunities for people who want to attain financial freedom, and give power to the people because no government can't control your crypto assets, like how they have power over normal bank accounts.

pexels-photo-844124 (1).jpeg
Source

The survey done by Toluna, a consumer sentiments firm, who recently did a survey on 9,000 people, that cut across 17 countries to complete their monthly reports, the survey done in February showed that 75% of investors from the Asia-Pacific (APAC) and Latin America (LATAM) want more crypto, the Asia-Pacific (APAC) means part of the world in or close to the Western Pacific Ocean which includes South Asia, East Asia, Southeast Asia and also Americas countries which are on the coast of the Eastern Pacific Ocean which includes the United States, Peru, Canada, Mexico, and Chile.

As for the Latin America (LATAM), which means the region of the Americas where romantic languages are primarily languages these including French, Spanish, and Portuguese. Both the Asia-Pacific (APAC) and Latin America (LATAM) emerging markets see crypto having a long-term growth and wants to increase their exposure to crypto investments, which I think is really nice, the more the world accepts crypto the better for all of us because there will be more buying then than selling, and when there is more cash flowing in into the crypto market, then crypto prices tends to go up.

What is Emerging Markets:
Country's economy that was traditionally small, but is currently expanding rapidly.

Toluna survey also shows that there are more Millennials (from ages of 25 to 34) and the GenZ (from aged 18-24 ) investors in crypto, which shouldn't be news to anyone that the younger generation a more into crypto than the older generations, because most of the older generations don't understand it.

pexels-photo-6777570.jpeg
Source

Toluna's Survey report:

Emerging markets appear to be the most lucrative markets for growth in the cryptocurrency industry, as 32% of consumers surveyed have trust in cryptocurrency compared with just 14% in developed markets such as the United States and the European Union.

The data suggested that two of the major factors contributing to the broad differences in investing strategy are likely to have awareness and understanding of the crypto markets. Despite 61% of respondents reporting that they are aware of crypto, only 23% said they are familiar with the asset class. Toluna proposes that this may be because “it’s a complex concept that’s not easily understood.”

The relative difference in trust is reflected by the disparity between those surveyed who have invested in crypto in emerging markets (41%) and those in developed ones (22%). The trust difference is further illustrated by the lower sense of risk perceived by investors in emerging markets. Just 25% of investors in emerging markets believe crypto is too risky to dabble in, whereas 42% in developed markets feel that way.

Please follow me on:
Discord: onwugbenuvictor#3447
Twitter: @VictorOnwugbenu

THANKS GUYS FOR READING MY POST.

Posted Using LeoFinance Beta



0
0
0.000
1 comments