Istanbul, Türkiye, November 1, 2024, Chainwire
Paribu's 2024 Cryptocurrency Consciousness and Notion Survey, performed in partnership with FutureBright Group, reveals fascinating insights into the cryptocurrency and blockchain industries.
Sustaining its standing as essentially the most complete examine within the discipline, the survey goals to replicate developments in Turkey's cryptocurrency ecosystem, share helpful knowledge with the general public and stakeholders, establish expectations, the motivations and obstacles associated to cryptocurrencies and, finally, to create a exact examine. roadmap for future actions based mostly on the outcomes.
The survey was performed utilizing computer-assisted private interviews (CAPI) between July 12 and September 2 in 12 consultant cities throughout Turkey.
The outcomes are categorized into 4 headings: consciousness, expertise, expertise and demographics.
Cryptocurrency Consciousness Stays Steady at 99%
“Cryptocurrency recognition in Turkey has seen a dramatic enhance, from 16% in 2020 to a near-universal fee of 99% in 2023 and 2024. In the meantime, the share of cryptocurrency merchants has elevated from 25.1% to 27% in comparison with the earlier 12 months. .
Then again, regardless of the rise in buying and selling exercise, transaction preferences remained according to earlier years. dominates service provider preferences at 70 p.c, whereas securing a market share of 29 p.c. When requested about using cryptocurrencies, 75% of individuals accustomed to and actively buying and selling in cryptocurrencies stated they primarily interact in short-term buying and selling actions. The survey outcomes reveal that 75% of respondents cite quick transactions and easy storage and switch as the highest advantages of cryptocurrency. When requested about their first affiliation with cryptocurrency, a 3rd of members talked about digital cash, whereas 20% instantly considered Bitcoin.
Half of merchants flip to crypto platforms for the Intel (NASDAQ:) market
One of many highlights of this 12 months's survey is perception into merchants' most popular sources for cryptocurrency information and market analysis. Social media platforms dominate as the first supply of knowledge for 63% of cryptocurrency merchants. Fifty p.c of members select cryptocurrency buying and selling platforms as their most popular supply of knowledge.
Crypto Investing Developments Reveal a Shifting Paradigm
Funding preferences have modified considerably since final 12 months's survey. In 2024, gold reigns supreme as essentially the most trusted funding, with 90% desire, whereas cryptocurrencies take third place amongst most popular funding automobiles with 29%.
Many nonetheless don't find out about Blockchain expertise
Regardless of a rise of three proportion factors in comparison with final 12 months, blockchain stays largely unknown to the overwhelming majority. Amongst those that are accustomed to cryptocurrency, 72% say they know nothing about blockchain expertise in any respect. Consciousness of blockchain stays low, with solely 28% of respondents accustomed to the expertise. Cryptocurrency wallets emerged as essentially the most acknowledged blockchain-related idea amongst these surveyed. Amongst cryptocurrency merchants, 52% acknowledge this idea, whereas 43% of these accustomed to cryptocurrencies are accustomed to it. Staking, burning, and seed phrases are among the many least acknowledged blockchain ideas by respondents.
Male cryptocurrency buying and selling exercise is on the rise
The demographic evaluation highlights a key development: males newly conscious of cryptocurrencies present considerably larger buying and selling pursuits. Amongst people educated about cryptocurrencies, 31% of males take part in buying and selling, in comparison with 21% of girls. The 25 to 44 age group exhibits the very best cryptocurrency buying and selling exercise. Moreover, cryptocurrency buying and selling amongst school graduates elevated from 30% in 2023 to 39% this 12 months. The everyday cryptocurrency dealer is 34.7 years outdated.
Click on right here to entry the total report.
ContactEray Dengizeray.dengiz@paribu.com
This text was initially revealed on Chainwire
