United

<![CDATA[<figure class="image"><img src="https://cimg.co/news/126071/332890/bitcoin-2007912-1280.jpg" srcset="https://cimg.co/news/126071/332890/responsive-images/bitcoin-2007912-1280___media_library_original_1280_879.jpg 1280w, https://cimg.co/news/126071/332890/responsive-images/bitcoin-2007912-1280___media_library_original_1200_824.jpg 1200w, https://cimg.co/news/126071/332890/responsive-images/bitcoin-2007912-1280___media_library_original_900_618.jpg 900w, https://cimg.co/news/126071/332890/responsive-images/bitcoin-2007912-1280___media_library_original_720_494.jpg 720w, https://cimg.co/news/126071/332890/responsive-images/bitcoin-2007912-1280___media_library_original_600_412.jpg 600w, https://cimg.co/news/126071/332890/responsive-images/bitcoin-2007912-1280___media_library_original_300_206.jpg 300w" width="1280" class="content-img" alt=""><figcaption>Pixabay</figcaption></figure>Nearly 50% of digital asset users view added financial liquidity as a major reason for investing in cryptocurrencies, a new survey shows.A <a href="https://www.prnewswire.com/news-releases/bitget-study-unveils-regional-economics-and-gender-impact-crypto-user-financial-goals-and-investment-behavior-301948075.html">new study conducted</a> by cryptocurrency exchange, Bitget unveiled the regional dynamics of cryptocurrency investments, its impact on gender, and other social factors.&nbsp;The company surveyed 1,500 participants across 20 countries, among which nearly 50% expressed that their decision to invest in crypto was borne out of the need to improve their finances.Per the survey, 46% of South Korean respondents viewed it as a means of improving living standards while 44% and 41% in Canada and Turkey have similar views.The rise of cryptocurrencies, specifically altcoins marked a significant change in the way users view traditional finance. Although developers pushed the utilities of <a href="https://cryptonews.com/coins/">blockchain assets</a>, the price volatility in the market led to early adopters moving in as an avenue to make money.With time, this spread with the proliferation of altcoins creating a dilemma as traders were stuck in the desired results while others <a href="https://cryptonews.com/news/crypto-market-making-profit-margins-take-a-hit-down-30-amid-industry-changes.htm">recorded sharp losses</a>.In other parts of the world, 36% of participants in Malaysia and Taiwan also held on to the notion of improved standards of living above other factors.<h2 id="gender-distortions-in-investment-drive">Gender distortions in investment drive</h2>The survey highlights that female crypto investors have a major objective to improve their family's general well-being than their male counterparts except for South Korea and Japan.In South Korea, while 17% of males share this sentiment, only 12% of women said their investments were directed towards their family. Meanwhile, 49% of female users in South Korea and 41% in Japan plan for their reward in a more personalized manner.The need to finance education is among the top factors spurring investments in digital assets specifically in the United States and Turkey. About 27% of female respondents in both countries noted that they will direct any rewards on investment from profits, staking, etc. towards the educational needs of their children.&nbsp;On the other end, South Korea and Japan record a few numbers at 5% and 4% respectively on this metric.<h2 id="what-drives-the-market">What drives the market?&nbsp;</h2>According to the survey, Chinese participation indicated more investments with 18% pouring between $50,000 and $100,000 in virtual assets while 19% invested $100,000 to $500,000.In South Korea, 46% of investments ranged between $1,000 to $10,000. Similar figures were also recorded among European investors.The company explained that the research was conducted to know investment drives among regions as a way to track behavioral patterns in crypto users.Last month, a <a href="https://cryptonews.com/news/nigeria-tops-global-crypto-data-with-99-awareness-consensys-report.htm">ConsenSys report showed</a> a growing number of crypto adoption across several jurisdictions with Nigeria leading in terms of crypto awareness despite previous local regulations.<figure class="media"><oembed url="https://twitter.com/cryptonews/status/1698702193237336181?s=46&amp;t=sCvh3f3rMDfXyJcf1y1Eyg"></oembed></figure>
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Living Standards and Finance Education Drives Crypto Adoption Metric: Report

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Cryptonews.com

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