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 essentially the most complete examine within the area, the survey goals to reflect the developments in Türkiye’s cryptocurrency ecosystem, share invaluable knowledge with the general public and stakeholders, determine expectations, motivations, and obstacles 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, know-how, 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.

Then again, regardless of the rise in buying and selling exercise, transaction preferences remained in keeping with earlier years. Bitcoin dominates dealer preferences at 70 %, whereas Ethereum secures a 29 % share of the market. When surveyed about cryptocurrency utilization, 75 % of people aware of 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 speedy 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

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

Crypto Funding Traits Reveal Shifting Paradigm

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

Many Nonetheless Unfamiliar with the Blockchain Expertise

Regardless of a 3 proportion 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 know-how in any respect. Blockchain consciousness stays low, with solely 28 % of respondents aware of the know-how. Cryptocurrency wallets emerge as essentially the most acknowledged blockchain-related idea amongst survey respondents. Amongst cryptocurrency merchants, 52 % acknowledge this idea, whereas 43 % of these conscious of cryptocurrencies are aware of 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 pattern: newly crypto-aware males exhibit considerably increased buying and selling pursuits. Amongst cryptocurrency-aware people, 31 % of males have interaction 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 outdated.

Click on right here to entry the total report.ContactEray Dengizeray.dengiz@paribu.com

Disclaimer: This can be a sponsored press launch and is for informational functions solely. It doesn't replicate the views of Crypto Day by day, neither is it meant for use as authorized, tax, funding, or monetary recommendation.