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- Cryptocurrency study conducted by PointPay features a noticeable development of more mature investment holders coming into play
- Increase in the rate of women indulging in cryptocurrency worldwide can be analyzed by the study
- Investors’ age group shifts from young adults in 2018 to adults in 2021
After an overwhelming response of 58,000 investors across 120 countries, PointPay studied the age group of cryptocurrency investors to understand the general standing of the target audience for digital coins. In the opinion of the cryptocurrency banking platform, there has been a major shift in the age of investors, maturity of holders and the gender of the benefactors. The study supposedly encompassed almost half of the users that had never stepped in these kinds of investments before.
Cryptocurrency age group shifts to adults
In the year 2018, 60% of the investors buying cryptocurrency came under the age of 31, making the majority of the buyers quite young and uneducated about the currency’s market movement. Hence, these people were inclined to get more anxious when the prices would fluctuate drastically, fearing big losses. In the long run, it is always advised to increase the literacy base of younger investors before they enter the big game.
However, it is estimated that around 59% of the investment group now lies between the ages of 31 to 49. This group is rather young than the whale investors who hold a very small per cent in terms of number of people. Young investors in their adulthood want to protect their money and hence, follow a more stabilized investing scheme. On an average, the quantity of their current investments might just be around $4,000. Savings their earnings and safe banking is vital to this group and so makes them long-run investors.
Women emerge and grow as safer investors
The study conducted by PointPay leads to results that conclude more women coming up as investors in the cryptocurrency market. A drastic surge in the rate of women participating in buying cryptocurrency was seen from the year 2018 to 2020. From 4% to 10-14%, women have started to invest with more stability than men. Unlike men, women tend to indulge in lesser risks and hence are protected from inconsistent trading in the market. Being a successful and safe trader in the crypto market, females have proven to be more uniform and balanced in their buyings and trading.
Crux of the matter being, people are ready to adopt cryptocurrency as the primary mode of money exchange in their daily lives. Even the working section of the global population who generally intend to safeguard their money are investing in cryptocurrency and relying on it just like any banking system.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
