50% of Africans invest in crypto to pay for the training of their children: survey
50% of Africans invest in crypto to pay for the training of their children: survey
According to a recently carried out survey, most cryptocurrency investors from Kenya, Nigeria and South Africa have entered the market for digital assets with long -term goals such as securing the well -being of their families.
crypto to finance the formation of children
The company based in London - Luno - Created a survey with almost 7,000 participants from nigeria, Kenya, South Africa, Great Britain, Australia, Indonesia and Malaysia to determine the reasons they have moved to deal with digital assets.
According to the results, most residents of the three African countries are financially versed and invest in reasonable and long -term goals, since 69% of them deal with crypto to enable their families a better life.On closer inspection, 48 % would invest their salaries in digital assets to pay for the future educational costs of their children. In comparison, 43 % would do the same to set up a fund to pass them on to their relatives. Only 3% admitted not to have a plan for investment decisions.
Marius Reitz-Lunos General for Africa-described the situation in Africa as a "crypto revolution" and added that the continent had enormous potential:
"In the past few weeks, the extent of the African crypto revolution has attracted a lot of attention, and although their potential is extremely exciting, it is important that we make sure that consumers deal with this transition in a safe and responsible way."
However, a large part of the locals lack basic knowledge of cryptocurrencies, which is why they would not consider an investment in it. 55% of the Nigerians stated that nothing of the investment class was understood, while the percentage in South Africa and Kenya was 56% or 64%.
What about the rest of the countries?
The majority of the participants from Great Britain, Indonesia, Australia and Malaysia shared somewhat different arguments for entering the field of digital assets than the African residents.
41% of Australians admitted that they invest in crypto to save for a property while increasing the pension pot is the best answer for the participants from Great Britain, Indonesia and Malaysia.
The results also showed that almost a third of the crypto investors have up to 10 % of their portfolio in digital assets. 12% have invested 11 to 20% and 10% 21 to 30% of their assets in Bitcoin or old coins.
In addition, the survey showed that crypto holders keep other types of financial investments than the general population. For example, 4 % of the Kenyan participants stated that they have digital assets and gold, while this key figure in Malaysia and Indonesia increase to 39 % or 63 %.
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