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Survey Shows That British Citizens Are Interested In Cryptocurrency Investments

Cryptocurrencies are gradually going mainstream, with a new survey showing that some British citizens are interested in crypto investment. The UK has not shown any interest in the digital asset, but its residents revealed through a UK-based survey that they would invest in the asset.

The people showed that the lack of market knowledge stands as the most significant hurdle against widespread crypto investment in the UK through the survey. People in different parts globally shy away from digital assets because they find the asset class too complicated.

Experts opine that if bodies can educate individuals on cryptocurrencies and the investment process, it would attract new investors, thereby expanding its global market.

Most British residents don’t understand cryptocurrencies

Many residents within that region voiced their lack of market knowledge in the investment, being the reason why most chose other asset classes. For many people, the crypto industry is confusing, but with new exposure and information, many people can now maximize that to streamline their investment process.

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The UK survey revealed that 31% of the participants indicated that they are curious about the investment class. Additionally, above 60% opined that they would not invest in digital assets because they don’t understand it. Another notable amount showed that don’t know how to invest into the digital asset safely.

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The low crypto investments in the United Kingdom necessitated the new survey, which had 2,000 participants. Interestingly, 64% of the participants disclosed that they would make the digital asset investment with crypto market knowledge.

The survey also got a 30% positive response on participants willing to invest if popular platforms offered crypto-related services to retail investors. Despite the controversial reactions, it seems cryptocurrencies are one of the residents’ preferred choices. The participants chose Gold as the top preferred, while cryptos come as the second choice, with real estate as the third preferred investment choice.

How the crypto trend changed

Last year, crypto exchanges recorded higher crypto purchases, as opposed to 2019. Experts linked this to the institutional entry for Bitcoin. Many institutions bought impressive amounts of Bitcoin that year in anticipation of higher prices.

Like most expected, Bitcoin saw a notable price growth within a month. The crypto led to higher Bitcoin buys because investors foresee a similar occurrence that could earn them significant returns like early January. Fortunately, this paves the way for other crypto investments, thereby broaden their exposure.

The fear of missing out trend still exists, with investors rushing into the industry based on speculative reasons mostly. Many investors made the digital asset purchase to follow the current trend, where both genders are actively exploring the innovation. Although both genders have notable investments, the crypto community opines that there is a gender bias.

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The survey has most men revealing that they made crypto investments to record returns, while women felt that the investment would be a good decision. Fortunately, new exposure is gradually reducing gender bias, with women getting more information about the industry.


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Adebayo Owotunse (Nigeria)

Adebayo Owotunse is a versatile writer who has written hundreds of crypto articles for dozens of agencies across the years. He is now also the newest addition to the Tokenhell writers team.

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