According to a study by Binance Research, most cryptocurrency users follow a long-term storage strategy..
More than 61 thousand users from 178 countries took part in the survey of the trading platform. Received data showed, that 55% of cryptocurrency owners keep them as long-term investments. 38% chose them due to distrust of the current financial system, 31% use them for short-term trading, and 27% because of the loss of profit syndrome.
At the same time, 28% of respondents use most of their cryptocurrency to buy other digital assets, and 22% hold them to generate income through staking or landing. Only 11% of owners use cryptocurrency mainly for payments.
The survey also showed that bitcoin remains the most popular digital asset, with 65% of survey participants owning it. In most cases, MTC accounts for 1-20% of the portfolio. Only 3% of respondents regretted their decision to buy cryptocurrencies.
Earlier, we also reported that over the past year, the number of financial advisors working with cryptocurrency has increased by 50%..
text: Ivan Malichenko, photo: Shutterstock