• Wed, Jan 16, 2019 06:49 PM
  • All times are UTC
  • Edition:
    International
Link copied

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

Dec 19, 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) $3,666.01 (-0.22%)
  • XRP (XRP) $0.331100 (+0.43%)
  • Ethereum (ETH) $124.17 (-2.64%)
  • Bitcoin Cash (BCH) $129.39 (-0.67%)
  • EOS (EOS) $2.45 (+1.53%)
  • Bitcoin (BTC) $3,666.01 (-0.22%)
Jan 16, 2019 (Wednesday)
11:52
Oil majors Chevron and Total join blockchain platform for energy commodity trading ‘Vakt’
10:45
Gibraltar Blockchain Exchange adds support for EOS on GBX-DAX
10:21
Blockchain startup Bitfury launches music division ‘Bitfury Surround’
09:34
Dubai telecom company du to develop blockchain solution for patient safety
07:48
SIRIN Labs re-opens flagship store in London for its blockchain smartphone ‘FINNEY’
06:36
IBM announces blockchain initiatives on mining and metals supply chain and tracking ethically sourced minerals
05:17
New Zealand crypto exchange Cryptopia suffers security breach
04:29
Iberdrola trials blockchain technology for tracking renewable energy
03:32
Israeli shipping firm ZIM advances blockchain-based Bills of Lading initiative to next phase
Jan 15, 2019 (Tuesday)
11:52
Blockchain startup Chronicled secures $16M in Series A round
11:33
KB Financial Group, LG team up to develop blockchain and AI-focused projects
10:06
Danish Tax Agency to obtain trading information from three local crypto exchanges
09:19
Swiss investment bank Vontobel launches crypto custody solution
07:22
Crypto project Bakkt announces first ever acquisition deal
06:30
HSBC settles $250B worth of FX transactions using distributed ledger technology
05:26
Vermont to launch captive insurance blockchain pilot
04:16
Monetary Authority of Singapore seeks to introduce regulation for cryptocurrency exchange services
04:15
Securities Commission Malaysia likely to launch crypto and ICO regulatory framework by Q1 2019
Jan 14, 2019 (Monday)
13:47
Crypto startup Totle raises $1M from Arrington XRP, NEO Global Capital, and Goren Helm Ventures
11:14
Google, Lenfest and blockchain startup ConsenSys back Automattic’s new publishing project “Newspack by WordPress.com”
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft