LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » Personal Finance News

Cryptocurrency: Mood of the nation! REVEALED - Crypto investor behaviour trends

Cryptocurrency exchange, CoinDCX has released a national survey report capturing interesting crypto investor behaviour trends and analysis titled ‘Mood of the Nation’.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Cryptocurrency: Mood of the nation! REVEALED - Crypto investor behaviour trends
CoinDCX report highlighted that 60% of the respondents earning below Rs. 5 lakh p.a. found it extremely challenging to invest in crypto owing to lack of easy and seamless options available. Pixabay pic.
Written By: Prashant Singh
Edited By: Harish Dugh
Updated: Wed, Nov 25, 2020
02:40 pm
ZeeBiz WebDesk
RELATED NEWS
Bitcoin hits one-week low as rising U.S. yields dent rally Bitcoin hits one-week low as rising U.S. yields dent rally
BofA says flee ''frothy'' stocks, beware bitcoin bubble BofA says flee ''frothy'' stocks, beware bitcoin bubble
Bitcoin HITS USD 40,000 for first time; But what is the OUTLOOK? Know here! Bitcoin HITS USD 40,000 for first time; But what is the OUTLOOK? Know here!
Leaked on Dark Web! Debit card, credit card masked data of 3.5 cr Indians breached; being sold via cryptocurrency Bitcoin | JusPay reacts Leaked on Dark Web! Debit card, credit card masked data of 3.5 cr Indians breached; being sold via cryptocurrency Bitcoin | JusPay reacts
Bitcoin price slumps, slamming brakes on New Year rally Bitcoin price slumps, slamming brakes on New Year rally

Cryptocurrency exchange, CoinDCX has released a national survey report capturing interesting crypto investor behaviour trends and analysis titled ‘Mood of the Nation’. CoinDCX report highlighted that 60% of the respondents earning below Rs. 5 lakh p.a. found it extremely challenging to invest in crypto owing to lack of easy and seamless options available. On the other side 68% of the respondents earning above Rs. 10 lakh p.a. cited legal and regulatory clarity as a major concern for considering investments in crypto.

72% of full-time employees and 62% of self-employed respondents felt crypto is a good asset class to invest in while less than 5% of Indians comprising homemakers and unemployed respondents said crypto has zero utility. The trend showcased the fact that those with disposable income, were marginally higher and more bullish towards crypto, vis-à-vis the others.
Considering the education levels among the respondents, the survey realised around 72% of graduates felt lack of knowledge and awareness was their biggest challenge to enter cryptos. Graduates however took a lead whereby 73% believed that crypto is an alternate investment class, while 67% post graduates cited crypto as a new asset class and a good investment option.

Considering the age group criterion of the respondents, the survey report highlighted 71% of respondents below the age of 35 said they had invested in crypto at least once while 27% of respondents above the age of 40 said they had never invested in cryptos. Besides 69% of the respondents below the age of 35 considered crypto as a good asset to invest in. A significant number of respondents below the age of 40 felt that there is no easy way to enter cryptos while 52% respondents within the age group of 20 to 30 felt lack of knowledge and awareness is a huge challenge.

The report titled ‘Mood of the Nation - 2020’ aims to understand the sentiments of investors around cryptocurrency and to understand investment potential.

Image preview

The survey received an overwhelming response from more than 11k respondents, majorly belonging to the age group of 25-35. Of the total respondents 53% were crypto investors and 47% were non crypto investors. The “Mood of the Nation" Survey 2020” by CoinDCX aimed to understand the sentiments of India’s One Billion strong consumers around cryptocurrency, the technology, and the investment potential of the new and emerging asset class.

The first of its kind national study showcased that 78% of investors in crypto have also invested in mutual funds earlier, 22% of investors in crypto have never invested in any new age investments, whereas 63% of respondents from the IT, Finance & Education sector barring banking felt crypto is a good asset class to invest in. Further only 12% of the respondents from the banking sector felt regulation is the biggest challenge from crypto and stated the reason behind their reluctance to invest in this asset class.

Sumit Gupta, CEO and co-founder of CoinDCX said, “This survey is an important benchmark in the Indian crypto discourse. It highlights the requirements of options for investing in crypto on one side and also emphasises on the requirement of smart regulation in the country. It is clear from the report that, while outwardly India is set to become the next global player on the international scene, it is extremely important that smart and sensible regulations become a part of the discourse.”

“Knowing how an average Indian perceives cryptocurrency puts CoinDCX as well as the Indian cryptocurrency community in a position of responsibility to ensure that every single Indian can understand and adopt cryptos, and join this ever growing community” he further added.

Kashif Raza, Co-founder of Crypto Kanoon, a platform dedicated to clearing regulatory ambiguities in crypto said, “This survey will be a gamechanger for all of us in the cryptocurrency community. The results coming from this survey will help us, as a crypto community, how to bridge the gap between the crypto community and people who want to be a part of this community.“

The report interestingly reiterated that being internet savvy and having a better understanding of the digital economy led to increased interest among millennials for crypto as compared to the older generations. Furthermore, considering the majority of millennials are currently working and have a good amount of disposable income added to their inclination towards the asset.

Post Supreme Court’s judgement in March to lift banking bank, Indian crypto industry has witnessed huge influx of crypto demand from investors.

"As part of its #TryCrypto movement, CoinDCX conducted the survey through digital means encompassing social media platforms, media houses and communities. Leading voices from crypto and non-crypto space too endorsed and promoted the same," CoinDCX said.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
BitcoincryptocurrencyInvestmentPersonal Finance
RELATED NEWS
Bitcoin hits one-week low as rising U.S. yields dent rally Bitcoin hits one-week low as rising U.S. yields dent rally
BofA says flee ''frothy'' stocks, beware bitcoin bubble BofA says flee ''frothy'' stocks, beware bitcoin bubble
Bitcoin HITS USD 40,000 for first time; But what is the OUTLOOK? Know here! Bitcoin HITS USD 40,000 for first time; But what is the OUTLOOK? Know here!
Leaked on Dark Web! Debit card, credit card masked data of 3.5 cr Indians breached; being sold via cryptocurrency Bitcoin | JusPay reacts Leaked on Dark Web! Debit card, credit card masked data of 3.5 cr Indians breached; being sold via cryptocurrency Bitcoin | JusPay reacts
Bitcoin price slumps, slamming brakes on New Year rally Bitcoin price slumps, slamming brakes on New Year rally

LATEST NEWS

Petrol, diesel latest prices today: Check rates in your cities

Pension Payment Order: Modi government explains how PPO promises ease of living for senior citizens

EPFO Pension: Your Provident Fund (PF) structure may change soon - Here is why

7th Pay Commission latest news: Salary up to Rs 2.08 lakh plus DA, HRA, TA; check this 7th CPC offer details at upsconline.nic.in

Online shopping: Have e-commerce business? Here is how to give boost to trade in 2021

New coronavirus shocker from China! Now, virus found in ice cream - Check eye opening details here

WhatsApp new privacy policy to be rolled back? Petition reaches Supreme Court

Here is why ONGC's plan to merge MRPL with HPCL may have to wait till FY24

Solid assurance! Modi government rises to the occasion in world war to defeat Covid-19; assures Nepal, other neighbours for vaccine

Master box office collection: Furious! Thalapathy Vijay, Makkal Selvan Vijay Sethupathi movie crosses Rs 100 cr mark in just 3 days

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved