Bitcoin News

According to a recent survey of Huobi traders, 45% of respondents have time horizons longer than one year, with 12.5% saying that they are willing to wait over four years for a return on their investment. This seems to contradict the widely accepted view that most crypto investors are just there to make a quick buck.

When asked which asset they have held the longest, it’s no surprise that 69% said it was Bitcoin (BTC). Despite the vast majority of respondents belonging to the 26-50 age range, most of the respondents have less than 3 years of investment experience.

Also, more than half of the surveyed individuals have an annual income of $10,000 or below. Though this may seem low, we should note the survey took place in the “emerging markets” according to Huobi, where this level of income may not necessarily be considered low. Another important consideration is that only 491 individuals responded to the survey, thus it is unclear how representative this sampling is.

It appears there is a shift taking place in the way cryptocurrency is being perceived by both retail and professional investors — from a get rich quick scheme to a more long-term game.

Products You May Like

Articles You May Like

New Peer to Peer Exchange Provides Africans with an Alternative to Paxful
Sources: PayPal Is Looking to Acquire Crypto Companies, Namely BitGo
How Much Can You REALLY Earn From Auto Faucets!?! Worlds Best & Highest Paying Bitcoin Faucets!!
Survey: Many Investors Expect Bitcoin to Be Seriously Higher in One Month
TA: Bitcoin Hesitates Above $13.2K, But 100 SMA Could Trigger Another Increase
StormX Unveils New $1,000 Rewards Program

Leave a Reply

Your email address will not be published. Required fields are marked *