Paribu Unveils Insights from the 2024 Cryptocurrency Consciousness and Notion Survey

Istanbul, Turkey, November 1st, 2024, Chainwire

Paribu’s 2024 Cryptocurrency Consciousness and Notion Survey, carried out in partnership with FutureBright Group, reveals intriguing insights into the cryptocurrency and blockchain industries.

Sustaining its standing as probably the most complete research within the area, the survey goals to reflect the developments in Türkiye’s cryptocurrency ecosystem, share priceless knowledge with the general public and stakeholders, determine expectations, motivations, and limitations associated to cryptocurrencies, and finally, create an correct roadmap for future actions based mostly on the findings.

The survey was carried out utilizing computer-assisted private interviews (CAPI) between July 12 and September 2 in 12 cities consultant of Türkiye.

The outcomes are categorized into 4 headings: consciousness, expertise, expertise, and demographics.

Cryptocurrency Consciousness Holds Regular at 99%

“Türkiye’s cryptocurrency recognition has seen a dramatic surge, leaping from 16 % in 2020 to a near-universal 99 % in each 2023 and 2024. Within the meantime, the share of cryptocurrency merchants elevated from 25.1 % to 27 % in comparison with a yr earlier.

Alternatively, regardless of the rise in buying and selling exercise, transaction preferences remained in keeping with earlier years. dominates dealer preferences at 70 %, whereas secures a 29 % share of the market. When surveyed about cryptocurrency utilization, 75 % of people accustomed to and actively buying and selling in cryptocurrencies reported primarily participating in short-term buying and selling actions. Survey outcomes reveal that 75 % of respondents cite fast transactions and easy storage and switch as cryptocurrency’s main advantages. When requested about their first affiliation with cryptocurrency, one-third of contributors talked about digital cash, whereas 20 % instantly considered Bitcoin.

Half of Merchants Flip to Crypto Platforms for Market Intel (NASDAQ:)

A key spotlight from this yr’s survey is the perception into merchants’ most popular sources for cryptocurrency info and market analysis. Social media platforms dominate as the first info supply for 63 % of cryptocurrency merchants. Fifty % of contributors select cryptocurrency buying and selling platforms as their most popular info supply.

Crypto Funding Tendencies Reveal Shifting Paradigm

Funding preferences have considerably modified since final yr’s survey. In 2024, gold reigns supreme as probably the most trusted funding, commanding 90 % choice, whereas cryptocurrencies safe third place amongst most popular funding autos at 29 %.

Many Nonetheless Unfamiliar with the Blockchain Know-how

Regardless of a 3 share level enhance in consciousness from final yr, blockchain stays largely unknown to the overwhelming majority. Of these conscious of cryptocurrency, 72 % reported no familiarity with blockchain expertise in any respect. Blockchain consciousness stays low, with solely 28 % of respondents accustomed to the expertise. Cryptocurrency wallets emerge as probably the most acknowledged blockchain-related idea amongst survey respondents. Amongst cryptocurrency merchants, 52 % acknowledge this idea, whereas 43 % of these conscious of cryptocurrencies are accustomed to it. Staking, burning, and seed phrases are amongst respondents’ least acknowledged blockchain ideas.

Male Cryptocurrency Buying and selling Exercise on the Rise

The demographic evaluation highlights a key development: newly crypto-aware males exhibit considerably greater buying and selling pursuits. Amongst cryptocurrency-aware people, 31 % of males interact in buying and selling in comparison with 21 % of ladies. The 25-44 age group demonstrates the best cryptocurrency buying and selling exercise. Moreover, cryptocurrency buying and selling amongst college graduates surged from 30 % in 2023 to 39 % this yr. The everyday cryptocurrency dealer is 34.7 years previous.

Click on right here to entry the complete report.

ContactEray Dengizeray.dengiz@paribu.com

This text was initially printed on Chainwire