About 50% of crypto investors invest in digital assets to improve their standard of living.
According to a new survey by crypto exchange Bitget released on October 5, 46%, 44% and 41% of respondents in South Korea, Canada and Turkey, respectively, said improving their standard of living is their most important financial goal when they invest in cryptocurrencies. Meanwhile, around 36% of respondents in Malaysia and Taiwan also said improving their family’s quality of life was more important than other pursuits.
Around 27% of female crypto investors in the United States and Turkey said they invest in cryptocurrencies to finance their children’s education, compared to just 5% in South Korea and Japan. In terms of investment amount, users from China showed the highest commitment: 18% invested between $50,000 and $100,000, and another 19% even invested between $100,000 and $500,000. Although China has banned crypto trading, Chinese nationals can still own cryptocurrencies and circumvent the ban via VPNs. The ban also does not apply to Chinese citizens residing abroad.
