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- A recent survey reveals that LATAM and APAC investors believe that crypto will reap benefits in the long run.
- The emerging-market looks more worthwhile for crypto. Data reveals at least 32% of the consumers believe in the long run of crypto.
- While crypto could only gather 14% supporters in the developed market, showing the skepticism in the developed market for crypto.
Digital assets volatility is often the reason why some people are still skeptical about crypto. However, many have ardent believers and embrace the alternative to fiat currency for its return in the long term. There is no doubt that investing in cryptocurrencies is a risky business, however long-term promises for high ROI can’t be denied either.
Therefore, it didn’t come as a surprise when a recent survey revealed that LATAM and APAC investors trust in the long-term growth of these digital assets. The study shows around 75% of investors can’t wait to enlarge their investment. Latin America and Asia-Pacific markets constitute most of these investors.
The Toluna researchers conducted a study on the investor. The study involved 9000 investors from 17 countries and showed that investors from APAC & LATAM believe that crypto investment reaps large profits in the long run, taking into account bearish trends that seem to stay.
However, this belief is in stark contrast to what participants in the developed markets believe. They are of the opinion that there will come another hype circle of cryptocurrencies, not in the long run.
Emerging Market Right Now Most Lucrative For Crypto
The emerging market is the biggest attraction for crypto at the moment, as stats say at least 32% of the consumers are still ardent believers of the long-term benefits of investing in crypto.
On the other hand, the developed market has only 14% of consumers who believe in the long-term benefits of crypto. The crypto-assets do not receive much support from countries like the USA and European Union and do not believe that crypto is the future.
In the meantime, many are yet to understand all the aspects of crypto and how this ecosystem works, researchers arrived at this conclusion when asked for the reason for this contrast in response.
Moreover, it was revealed that 61% of participants claimed to understand cryptocurrencies, out of which only 23% see the asset class. Looking at these results, the research firm concluded that the complexity of crypto is the reason behind it.
One example could be advertisements, in order to spread awareness regarding the sector, promote NFTs. However, none try to educate people on what NFTs are all about?
In another revelation, the report shows only 22% of the developed market have invested in the market while almost double, 41% of the emerging market did so. Crypto is risky according to 42% in the developed market, only 25% in emerging markets agree with them.
Millennial Leading The Way In Crypto Adoption
According to Toluna, the number of millennials is the highest among people who have invested in crypto. Further, the data reveals in both markets 40.5% between the ages of 25 to 34 are crypto investors. Morning consults also verified these numbers as it found that 48% of millennial homes are crypto owners.
ALSO READ: The UN Has Been Publicly Humiliated By Crypto: Larger, More Visible Contributions
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.
