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 <p class="is-style-lead">A recent survey by Bitget delves into the diverse motivations behind cryptocurrency investments across various countries, revealing insights into regional preferences and economic aspirations.</p>
 <p>On October 5, Bitget revealed data from a survey that offered a deeper understanding of the evolving <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency investment landscape, highlighting diverse motivations across different regions.</p>
 <p>In specific nations, the desire to improve daily living standards is a significant driving force behind <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency investments. This sentiment is evident in South Korea, Canada, and Turkey, where 46%, 44%, and 41% of the respondents respectively, pinpointed this as their predominant financial goal. However, in Malaysia and Taiwan, family-centric aspirations were more prominent, with approximately 36% emphasizing the enhancement of their family’s quality of life.</p>
 <p>The survey also uncovers the socio-economic dynamics behind these investments. For instance, a notable portion (27%) of female crypto investors in the U.S. and Turkey invest in digital assets to fund their children’s education. This educational-oriented investment is far less common in countries like South Korea and Japan, where the figures stand at a mere 5%.</p>
 <p>China’s engagement in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency investments presents a paradox. Despite the nationwide ban on <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> trading, a significant number of Chinese nationals are actively investing. The survey indicates that 18% of the respondents invested sums ranging from $50,000 to $100,000, and another 19% had investments ranging from $100,000 to $500,000.</p>
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 <p>This active participation is facilitated by VPNs, allowing Chinese nationals to circumvent domestic restrictions. Additionally, Chinese nationals residing outside China remain unaffected by this ban.</p>
 <p>The Bitget survey, conducted over four months, is extensive in its reach, encompassing over 1,500 participants across 20 countries, providing a holistic view of global <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency trends.</p>
 <p>However, the global picture is nuanced. For instance, Canada has witnessed a waning enthusiasm for crypto investments. Crypto ownership among Canadians decreased by three percentage points from 2021 to 2022. The Bank of Canada’s observations further suggest a decline in altcoin ownership.</p>
 <p>On the flip side, countries like Nigeria demonstrate burgeoning <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency interest. A staggering 99% of Nigerians are aware of digital assets, and 90% expressed intentions to invest within the next year.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitget-study-reveals-demographic-for-crypto-users-goals-and-behaviors-tbt65299.html">https://thebittimes.com/bitget-study-reveals-demographic-for-crypto-users-goals-and-behaviors-tbt65299.html</a></p>

Bitget Study reveals demographic for crypto users’ goals and behaviors

TheBitTimes

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