The crypto exchange Bitget has published a report dedicated to cryptocurrency enthusiasts, with the aim of understanding their financial aspirations and investment behaviour. The research was carried out between May and August 2023 and involved up to 1,500 people from 20 countries.
Bitget and the crypto exchange report on cryptocurrency enthusiasts
Bitget published a report on cryptocurrency enthusiasts, analysing the responses of 1500 participants from 20 countries, including Europe, China, Japan, South Korea and Turkey, as well as some English-speaking countries.
The survey aimed to uncover the financial aspirations and investment behaviour of the global crypto community.
And indeed, the results revealed that the most popular financial goals among cryptocurrency investors around the world are to improve their standard of living and general quality of life.
Specifically, 46% of South Korean investors aim to improve their standard of living, while 36% of Malaysians and Taiwanese prioritise household income.
The report also considered the gender impact of sectors that may influence these financial goals. In South Korea and Japan, female investors (49% and 41% respectively) focus on personal finances, while 17% of South Korean male investors aim to improve family finances.
Across countries, in Turkey and the US, around 27% of female investors tend to use cryptocurrency investments to finance their children’s education.
Crypto exchange Bitget report: how much do cryptocurrency enthusiasts invest?
Another result examined by the Bitget report concerns the amount of investment in the crypto sector.
In this regard, it seems that Chinese investors are the most committed, with 18% allocating sums between $50,000 and $100,000, and another 19% investing between $100,000 and $500,000 in cryptocurrencies.
In other countries, however, 51% of users in Europe, 49% in Turkey and 46% in South Korea fall into the $1,000 to $10,000 crypto investment range.
In general, this targeted survey of user segments and regions is intended to allow the crypto exchange to monitor changes in user behaviour over time and adapt the platform’s products to better meet users’ different financial goals.
Bitget’s Managing Director named to Forbes Business Council
Just this week, Gracy Chen, Managing Director of Bitget, was named a member of the Forbes Business Council.
This is the platform where established business leaders come together to discuss and share best practice. These members, like Chen, are handpicked and participate in discussions on current issues affecting industries and the global business landscape.
This appointment recognises Chen’s outstanding leadership and underlines Bitget’s commitment to shaping the future of crypto.
It is no coincidence that Chen will lend his support to the very issues that relate to decentralised finance, blockchain innovation and diversity in technology.
Source: https://en.cryptonomist.ch/2023/10/07/report-crypto-enthusiasts-bitget-exchange/