8btc, a Chinese news venture published a report by surveying more than 4000 people and came to a conclusion that out of the 4,200 respondents, 40 percent are willing to invest in crypto in the future. As reported by 8btc, PANews launched the industry’s one of the largest survey targeting 4980 respondents through which 4200 copies of effective questionnaire were received.
There were many questions which were posed in the survey. Some of the questions were:
Is there anyone willing to enter the blockchain and cryptocurrency bear markets?
Who is the main force for the purchase of crypto currency?
Have you started buying coins after 00?
As reported by the news venture, the conclusions which was derived from the survey were
98.22% of respondents have heard about cryptocurrencies like bitcoin
63%of respondents believe that the use of cryptocurrencies as a means of payment is not required
After 90 is the main force to invest in cryptocurrencies, but after 00 is more potential
Investing in cryptocurrencies does not mean that investors have a higher risk appetite
40%of respondents are willing to invest in cryptocurrencies in the future
98.22%of respondents have heard about bitcoin and other crypto-currencies
95 after the most understanding of the blockchain
As reported by the news channel, out of the 4200 people surveyed it was surprising to know that only 75 of them had never heard of any of the concepts or have no idea about words such as cryptocurrencies or blockchain, which was a meager 1% of the total sample. Hence, it can easily be inferred that cryptocurrency and Blockchain are talks of the town in China.
Also, as reported by the Channel,
Of those who have heard of these concepts, about 50% of people have heard of cryptocurrencies, digital currencies, or Bitcoin, and the number of people who have heard of blockchain has reached 42. 3%, but the number of people who have heard about the concept of Token and token will be much less, accounting for only 22. 2%and 14. 6%.The respondents ‘understanding of cryptocurrencies and blockchain is still at a relatively shallow level, and they don’t know much about the jargon of ”tokens”.
An interesting thing to note here was that 14.24% of the Superset have already invested in cryptocurrencies and 82.81% of the sample size regard cryptocurrencies as a trendy investment behavior. This in itself shows the willingness and acceptance amongst people for Bitcoin and other Cryptocurrencies.
More people who have heard about cryptocurrency-related concepts are likely to be associated with widespread recognition of cryptocurrencies as an investment product.There are 3478 people who believe that buying cryptocurrencies is an Investment Act and is a trendy thing, accounting for as much as 82. 81%.This is to some extent the coin circle is still regarded as a niche trendy alternative investment products.
According to the survey, a total of 598 people have invested in cryptocurrencies, accounting for 14. 24%.People who have invested in cryptocurrencies usually have a degree of understanding of cryptocurrencies, only 17 people who do not know anything about investing in cryptocurrencies, and only 103 people who understand Bitcoin. 07%.Nearly half of the remaining 80% of investors learned about ETH, EOS and other mainstream currency level, and nearly half of investors have learned more about the level of project currency.Visible Chinese investors have a certain degree of understanding of the market, and because of a project to invest in digital currency tokens to drive more.As we all know, Satoshi Nakamoto defined it as a peer-to-peer electronic cash payment system in the Bitcoin white paper, “payment” is regarded as the original intention of the cryptocurrency, but in China, where mobile payments are very convenient, up to 63. 43%chose to ignore cryptocurrencies as a means of payment, stating that the way to promote cryptocurrencies in China may not work.
It is worth mentioning that in terms of cross-border settlements, crypto-currencies will improve the efficiency of financial activities.One of the most active investment institutions in Silicon Valley Plug and Play China FinTech leader Chen sizhin in panews interviewed said that ” the block chain has an important development direction is in the process of value transfer further to the mediation, because the information on the block chain in the transfer does not require multi-party intermediary to confirm again, can be”