According to a recent survey by the crypto exchange Mudrex, a diverse group of individuals between the ages of 20 and 60 were asked about their financial habits. The findings were intriguing, with a whopping 45% of those who had a retirement plan admitting to investing in cryptocurrencies.
According to a recent survey, a staggering 50% of individuals are confident that cryptocurrencies will soon take over as the go-to investment option.
What’s even more intriguing is that a whopping 59% of these participants trust their own instincts when it comes to making investment choices, with a mere 5% seeking guidance from financial experts. And it seems like this trend extends to those who already have crypto investments, as 70% of them prefer to call the shots themselves.
A staggering 72% of crypto-investors have revealed their ultimate goal: to achieve wealth appreciation. Surprisingly, this number surpasses the 63% of traditional investors who are solely focused on economic benefits. This striking statistic confirms that cryptocurrencies are still viewed as a high-risk, high-reward game, where monetary gains reign supreme.
The Indian cryptocurrency market through the 2023 survey conducted by WazirX, is a leading local exchange. Unveiled were the investment goals of Indians, with a strong focus on long-term gains. But amidst this trend, a striking revelation emerged – the driving force behind these investments was not just financial stability, but the desire to outperform and stay ahead of the game.
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If this happens then the price of Bitcoin will soon reach $86,000
Despite facing obstacles such as a lack of clear regulations and a hefty 30% tax on cryptocurrency profits, the fascination with digital currencies remains unwavering in India. In fact, a recent survey by Mudrex, spanning from June 2023 to January 2024, coincided with a surge in crypto trading activity throughout the country.
According to Mudrex CEO Edu Patel, his company has experienced a jaw-dropping 192% spike from December to January, followed by an impressive 270% surge from January to February.
And the excitement doesn’t stop there – in March, their numbers skyrocketed by a whopping three times! But Mudrex isn’t the only one riding the crypto wave. CoinDCX and WazirX, two major crypto exchanges, also saw significant growth in the first quarter of 2024.