China Joins Other Crypto-Friendly Countries According to a Survey
An increasing number of technophile people who wish more comfort in financial transactions are frequently observed in various countries. This process is much slower in Asia; however, a survey conducted on Chinese people in case of crypto use and familiarity ends in attractive and useful results.
4200 volunteers took part in this survey and responded to the questions assessing their tendency for future investment on cryptocurrency. Knowing that the growth of Blockchain technology, as well as cryptocurrency, is not as quick and steady as expected, these types of studies which are founded on many commonplace people’s ideas might help practitioners to make judicious decisions about cryptocurrency future and do on-time operations in case of necessity to keep it dynamic.
According to local Chinese crypto news outlet 8btc on Dec. 26, forty percent of Chinese people have a tendency to allocate their assets in cryptocurrency investment.
The report on the answers collected from them elucidates some implications the simplest one is that the time is ripe to introduce cryptocurrencies to the public since about half of the respondents have allegedly been familiarized with the concepts such as cryptocurrency, digital currency, and Bitcoin.
The other side of the coin is that what was optimistically mentioned is just true about half of the people; the remaining are still insisting on its uselessness for payment procedure. Ostensibly, they are not concerned about the other applications defined for this digital currency, since they limited their ideas solely on payments while many other user-friendly applications have been formed and elaborated for cryptocurrencies. The proof is the low percentage of the respondents who don’t know anything about somehow more complicated crypto-related notions like a blockchain-powered token.
The efficient role of experts and effective people can be realized when the statistics show the number 38 in the people who just rely on influencers and famous ones in this field to make a decision what to do about risky jobs such as investment.
It seems that the Chinese government tends to have some evolutions in its economic structure through Blockchain technology, as it has examined all cryptocurrencies values recently.
According to a recent ranking released by Chinese Bank, the most prevalent crypto, i.e., Bitcoin, fell to the 18th rank. This fact was again confirmed in a Twitter survey in the United States by Ron Paul, former united states congressman, who demonstrated the superiority of Bitcoin for the investment in the long run according to the acquired votes although there is not any clear information about the manner of conducting the study except the exact number of votes which were 94894 and the duration of doing the study which was a period of 14 days.
On the other hand, Ethereum is on the second level. It has been the third largest cryptocurrency and was able to sustain its position. The first place, however, was taken by EOS, which is a native cryptocurrency.
This surging rise in blockchain technology can be observed in other pioneer countries like Germany; German Federal Association for Information Technology, Telecommunications and New Media (Bitkom) told that over one-third of effective businesses in German economy take blockchain as a revolution. The more the people get familiar with the real facts regarding this new technology and its products, the higher their percentage in entering it into their everyday transactions is.