Ethereum

Choise.ai

Bitcoin

Read

<p class="is-style-lead">Banking system users share their experience and expectations around crypto investments in a <a href="https://crypto.news/cato-institute-survey-reveals-low-us-public-awareness-of-cbdcs/">survey</a> taken by Choise.com among its one million users.</p>



<p>According to the Hackernoon report, roughly 26% of banking users are ready to invest $100 per month into cryptocurrencies. Only 14.6% show excitement for more than $1,000 monthly investment in digital assets.</p>




    <p>
        You might also like:

        <a href="https://crypto.news/bitcoin-enters-the-unknown-zone-high-volatility-is-expected/">
            Bitcoin enters the unknown zone, high volatility is expected        </a>
    </p>




<p>On the other hand, 25% of the users are afraid to lose money in crypto while 13% still do not “know what coins to buy.” Per the <a href="https://hackernoon.com/crypto-banks-audience-research-2023-investment-goals-involvement-and-fears" target="_blank" rel="noopener">survey</a>, 33% said that they do not have extra savings to invest in cryptocurrencies.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe title="What&#039;s the future of crypto?" width="1020" height="574" src="https://www.youtube.com/embed/5-rCKo4CBgM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<p>Moreover, 53.1% added that they will try to earn passive income by staking their crypto assets, while 47% believe that HODLing for the long term could be a better idea. Of this tally, 33% voted for mining-related activities while 25% want to hop into day trading.</p>



<p>Iuliia Goncharova, growth product manager at Choise.com, concludes that many of the users are excited to create a new stream of income despite the majority not being ready to invest more than $100 in virtual currencies.</p>



<blockquote class="wp-block-quote">
<p>“These users want to get a new source of income here and now, but they can’t invest much and are often not ready to dive deep into financial instruments.” </p>
<cite>Iuliia Goncharova, growth product manager at Choise.com</cite></blockquote>



<p>Another survey in February <a href="https://crypto.news/us-citizens-still-own-crypto-despite-bear-market-survey-shows/">revealed</a> 80% of Americans believe that the traditional financial system does not operate properly. In addition, around 50 million people in the US still have their crypto assets despite the bear market that has lasted for more than a year.</p>




    <p>
        Read more:

        <a href="https://crypto.news/etherscan-integrates-chatgpt-to-analyze-ethereum-source-code/">
            Etherscan integrates ChatGPT to analyze Ethereum source code        </a>
    </p>

Survey: banks’ users share crypto investment goals and fears

crypto.news

Other articles published on Jun 20, 2023

Binance Working on Integrating Bitcoin Lightning Network

What is Launchpad?

Bearish Grip Weakens as SHIB Market Shows Signs of Recovery

Bitcoin Market Dominance Surges Above 50% for First Time Since May 2021

Former Coinbase CTO: Tech Giants Could Scan Devices, Find Private Keys, and Hand Over to Governments

New Shido Wallet 2.3 launching this week!

Join our free newsletter for daily crypto updates!