Almost of half China is ready to take up crypto investment – Survey shows
|- The blockchain technology is still an ambiguity for most of the residents of China.
- Digital assets are a new niche and another type of investment.
A new research has found out that the residents of China are ready and willing to put their money in crypto asset investment. The survey conducted by PANews details that at least 40% of the Chinese are willing invest in digital assets.
The data was collected from at 5,000 respondents. The survey was also designed to the level of interest the Chinese have in digital assets. In addition to that, results showed that 98.22% of the respondents were aware of virtual assets existence. However, the blockchain technology is still an ambiguity for most of the residents of China. From the group interviewed, only 20% said that they understand the technology. The interesting fact was that the majority were the millennials.
In addition to that, the survey found out that 14.24% of the respondents had already put funds in digitals. Besides, 60.54% of them were in the millennials bracket. On the other hand, 82.81% of the participants noted that digital assets are a new niche and another type of investment.
The participants said that investing in digital assets is hindered by the complicated digital wallet registration. Some also cited difficulty in using exchange platforms while others reckoned that market volatility and the issue of regulations as hindrance to investment.
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