A survey conducted by crypto exchange Bitget found that approximately 50% of crypto users invest in digital assets to improve their everyday living standards. The survey featured over 1,500 participants from 20 countries, including South Korea, Canada, Turkey, the U.S., and China. Respondents from South Korea, Canada, and Turkey indicated that improving their living standards is their most significant financial goal when investing in digital assets.
A survey revealed half of Crypto Users Invest to Improve Living Standards
A survey conducted by crypto exchange Bitget found that approximately 50% of crypto users invest in digital assets to improve their everyday living standards. The survey featured over 1,500 participants from 20 countries, including South Korea, Canada, Turkey, the U.S., and China. Respondents from South Korea, Canada, and Turkey indicated that improving their living standards is their most significant financial goal when investing in digital assets.
According to the survey published on October 5, specific findings include:
In South Korea, 46% of respondents stated that improving their living standards was their primary financial goal when investing in digital assets.
In Canada, 44% of respondents prioritize enhancing their living standards.
In Turkey, 41% of respondents focus on improving living standards as their primary financial goal.
The survey also highlighted that around 36% of respondents in Malaysia and Taiwan view enhancing their family's quality of life as more important than other aspirations. Additionally, 27% of female crypto investors in the United States and Turkey noted that they invest in digital assets to fund their children's education.
In terms of the amount invested, Chinese users showed high levels of engagement, with 18% allocating between $50,000 and $100,000 and an additional 19% investing between $100,000 and $500,000. Notably, despite China's ban on crypto trading, Chinese nationals can still own cryptocurrencies, and the ban does not apply to Chinese nationals residing overseas.
The survey was conducted between May and August, covering various countries in the European Union, China, Japan, South Korea, Turkey, the U.S., and Canada. Despite continued adoption of cryptocurrencies, interest has stagnated in some regions due to tightening regulations and falling prices.
(ZHIYUAN SUN, COINTELEGRAPH, 2023)