• Tue, 26 Mar 2019, 08:26 AM
  • All times are UTC
  • Edition:
    International
Link copied

Lack of Knowledge, A Hindrance for Investment into Crypto-Space - eToro survey

Wed, 19 Dec 2018, 12:06 pm UTC

Year-2018 has almost been a bearish trend for bitcoin, $3,215.20 level is proven to be the strong support for BTCUSD that seems to be the bottom for now.

Well, it’s all green on the crypto street after quite some time, as a result, recent rallies seem like bulls have just hit the floor.

A new survey from leading investment platform eToro divulged that the education is the biggest obstruction for preventing online investors from purchasing cryptocurrencies. Moreover, there is a strong zeal for financial advisories to include crypto as part of investors’ long-term portfolio. Other highlights include:

  • Attitudes about crypto are informed by limited educational resources: 44% of online investors state that a lack of educational resources is the main reason for not trading crypto.
  • Women just as interested in crypto as men, but seek more information: Survey results indicate that while 41% of men identified price volatility as the top barrier to trading crypto, over half (51%) of women identified the lack of education or knowledge as the top reason for not trading. Interest in crypto were the same between men and women — 61% of both genders were interested or very interested in more crypto education.
  • Millennials significantly more in favor of using financial advisors compared to Gen X, Boomers: 19% of Millennials planned on using a financial advisor to buy or sell products such as stocks, ETFs, or crypto-assets, while only 11% of Gen X and 12% of Boomers indicated the same.

The U.S. managing director of eToro, Guy Hirsch says that “Late 2018 has seen the cryptocurrency market take a huge tumble, but that has not stymied investors’ interest in the asset class and its potential. Online investors are still keeping their eye on cryptocurrencies, but this survey revealed that there is a serious lack of educational resources available to those who would like to invest in or learn more about crypto. As we move toward a future where assets will become increasingly tokenized, it’s important to give investors access to the resources they need to invest in the assets they want and truly consider crypto-assets as part of their long-term investment plan.”

Currency Strength Index: FxWirePro's hourly BTC is flashing at 181 (bullish), hourly USD spot index is flashing at -93 levels (which is bearish), while articulating at (06:29 GMT).

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $3,958.05 (-1.79%)
  • Ethereum (ETH) $134.82 (-1.81%)
  • XRP (XRP) $0.302400 (-1.94%)
  • Litecoin (LTC) $59.15 (-1.70%)
  • EOS (EOS) $3.66 (-0.42%)
  • Bitcoin (BTC) $3,958.05 (-1.79%)
Mar 26, 2019 (Tuesday)
07:07
CoolBitX’s crypto hardware wallet adds support for Gemini Dollar
06:18
Bitcoin nonprofit BitGive teams up with US-Based NGO to provide aid to Venezuela
05:13
OKEx to launch its own blockchain and decentralized exchange
04:40
Blockchain insurance startup B3i secures $16M in latest funding
03:36
eToro acquires smart contract startup Firmo
Mar 25, 2019 (Monday)
04:22
UniCredit completes transaction via we.trade blockchain platform
03:47
Crypto exchange Seed CX ventures into Asian markets via Hydra X partnership
Mar 22, 2019 (Friday)
10:46
SBI Group partners with U.S.-based semiconductor firm to manufacture crypto mining hardware
10:03
Square seeks engineers for new crypto-related initiatives
09:02
Cardano Foundation joins European Commission’s blockchain initiative INATBA as founding member
07:09
Blockchain smartphone maker Sirin Labs partners with MyEtherWallet
06:21
Alibaba, Aerospace Information partner to foster blockchain development
05:30
UPS partners with blockchain startup Inxeption for B2B e-commerce platform
04:36
Financial market veteran Rob Catalanello to lead crypto liquidity provider B2C2’s US expansions
03:44
Numerai secures $11M from Paradigm and Placeholder via token sale
Mar 21, 2019 (Thursday)
11:49
Former Prime Minister of Denmark joins blockchain firm Concordium as strategic advisor
11:00
North Korean dissident group CCD to issue blockchain-based post-liberation visas
10:03
Switzerland inches closer to cryptocurrency regulation
09:07
Huobi Global to launch token sale platform “Huobi Prime”
07:21
Asia Pacific Leaders Malaria Alliance’s M2030 partners with Dragonchain for blockchain-based services
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft