Analysts have realized who is buying bitcoins

Researchers from Block stated that there is a direct correlation between the likelihood of purchase and the level of awareness of digital assets. They surveyed 9,500 respondents from North America, Europe and the Middle East, as well as Asia-Pacific.

41% of those who said they had sufficient knowledge of cryptocurrencies said they were highly likely to buy bitcoin in the next 12 months. Analysts showed the greatest interest in digital assets in Nigeria, India, Vietnam, and Argentina.

Among the reasons for the reluctance to buy Cryptocurrencies, the respondents mentioned the lack of necessary education (51%), concerns about potential theft (32%), and high volatility (30%).

Respondents from relatively low-income countries consider the first cryptocurrency as a means of payment or for use as a remittance (40%). In countries with higher incomes, half of the survey participants see bitcoin as a way to make money, and 30% see it as a way to diversify their investment portfolio.

Experts have also found a high correlation between the desire to buy bitcoin and the inflation rate observed in the respondent’s country. The largest percentage (45%) of those who consider the No. 1 cryptocurrency as a hedge against a significant increase in consumer prices is among residents of Argentina.