Connect with us

Hi, what are you looking for?

Crypto
Crypto

Cryptocurrency

Young and educated investors dominate the cryptocurrency market

According to a poll, more than 60% of cryptocurrency investors are young and educated, and they invest less than $10,000 each year. Binance is the most popular platform, with Bitcoin and Ethereum dominating investor interest.

According to a recent survey, bitcoin investors tend to be young, educated, and cautious about their investments. Over 60% of participants are between the ages of 25 and 44, with 35% in the 25-34 age group and 26% in the 35-44 age category.

The data show that nearly half of these investors have a bachelor’s degree, and 28% have advanced degrees, indicating a well-educated group. However, the market remains predominantly male, with 89% identifying as male and only 11% as female.

Most investors devote less than $10,000 per year to bitcoin, emphasizing the average investor’s importance in the market. Regionally, Asia leads with 40% of investments, followed by Europe at 29% and North America at 10%.

When deciding where to invest, 22% rely on personal research, while 16% consult social media influencers or key opinion leaders. Traditional sources of information, such as friends, community suggestions, and media channels, are less influential in decision-making.

Spot trading remains the preferred option for 76% of customers, outperforming derivatives and staking. Only 28% of respondents have used earning methods such as staking or yield farming.

Binance Leads the Way.Binance has emerged as the top choice for cryptocurrency trading, with 53% of respondents using it as their primary platform. It also leads in profitability, with 51% reporting the highest gains on Binance. Additionally, 48% of participants store the majority of their assets on the exchange.

Full-time traders use platforms like Bybit, OKX, and Bitget, whilst part-time investors prefer Coinbase and Kraken. Binance has a considerable presence in Asia, Africa, and South America, whereas Coinbase leads North America.

According to the survey, 83% of users are wary of exchanges with regulatory difficulties, with Binance ranked as the most compliant by 32% of participants and Coinbase at 14%.

Bitcoin and Ethereum remain investor favorites.Bitcoin remains the most popular cryptocurrency, closely followed by Ethereum, layer-2 scaling solutions, and decentralized finance (DeFi) projects. Bitcoin is also considered the best option for profit generation, with 18% of investors favoring it.

The report emphasizes the continued dominance of established cryptocurrencies, demonstrating investor confidence in proven projects while avoiding the dangers associated with lesser-known coins.

As the cryptocurrency market evolves, these insights shed light on the demographics, attitudes, and preferences that will shape its future.

author avatar
Satpal S
Satpal is an Editor and Author at 4C Media Co, specializing in all stories and news related to crypto and finance.
Advertisement

You May Also Like

polkadot
Polkadot (DOT) $ 1.59 25.73%
bitcoin
Bitcoin (BTC) $ 68,460.00 5.37%
ethereum
Ethereum (ETH) $ 2,071.98 9.65%
cardano
Cardano (ADA) $ 0.296072 12.05%
xrp
XRP (XRP) $ 1.45 6.67%
stellar
Stellar (XLM) $ 0.163555 7.85%
litecoin
Litecoin (LTC) $ 56.58 8.13%