A survey reveals that Europeans see crypto investment as a way to boost their savings

While crypto investment has risks, some people see it as a method to enhance their family's savings, according to a recent study.
While crypto investment has risks, some people see it as a method to enhance their family's savings, according to a recent study.

While crypto investment has risks, some people see it as a method to enhance their family’s savings, according to a recent study commissioned by cryptocurrency trading platform BitMEX.

The poll, performed by data analytics firm Kantar, was designed to uncover crypto-related consumer trends in 2022. The study, which recorded reponse of 3,000 individuals from 14 markets in Europe, Asia, and Latin America, indicated that Europeans saw cryptocurrency as a way to boost their investment and savings plans for their families.

55% of respondents own crypto 

Interestingly, 55% of European participants said they own some digital assets. Moreover, 70% of the participants stated that crypto is mostly used for their family’s necessities. In addition, 61% of those polled agree that investing in digital currencies are “a good way to diversify investments.”

Aside from the above conclusions, the study revealed that 60% the respondents reported a spike of around 50% in their digital assets investments. While it isn’t as influential as winning the attraction, the poll indicates that over 80% of the surveyed crypto owners’ transactions are equal to or more than $1,000.

According to BitMEX CMO Michele Bertacco, the primary aim of the study was to better understand investor behavior. “The mainstream appetite for crypto is growing at a very fast speed,” Bertacco said after seeing the figures.

A separate survey released earlier this week revealed that consumers who have not yet invested in cryptocurrency are concerned about volatility, regulatory involvement, and environmental impact. Moreover, the lack of knowledge has been identified as the key barrier to entry into crypto.

Meanwhile, a recent survey found that 80% of participants would be prepared to work out more if they were given cryptocurrency as a reward. Additionally, respondents claimed they are likely to quit their gym membership in favor of one that is situated in the Metaverse. As TheCoinRise reported, a recent survey revealed that Metaverse has the potential to soon rule the digital asset world.