Nearly half of crypto users invest to boost living standards: Report
Approximately 50% of crypto users invest in digital assets to enhance their daily lives, according to a recent survey by Bitget. South Korea, Canada, and Turkey lead the pack, with 46%, 44%, and 41% of respondents, respectively, citing improved living standards as their primary financial goal. Meanwhile, 36% of participants in Malaysia and Taiwan prioritize their family's quality of life.
Interestingly, 27% of female crypto investors in the United States and Turkey are investing in digital assets to fund their children's education, compared to only 5% in South Korea and Japan.
Chinese users are highly engaged, with 18% allocating between $50,000 and $100,000, and an additional 19% investing between $100,000 and $500,000, despite China's crypto trading ban.
This survey, conducted between May and August, included over 1,500 participants from 20 countries. Despite global interest in cryptocurrencies, some regions are experiencing stagnation due to regulatory changes and price fluctuations. For example, crypto ownership among Canadian adults dropped by three percentage points between 2021 and 2022.
In contrast, Nigeria has seen a surge in crypto awareness, with 99% of respondents expressing knowledge of digital assets, and 90% planning to invest in crypto within the next year.
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