50% Indian Crypto Investors In For Long Term
According to the conclusions of a research issued on Monday by cryptocurrency exchange WazirX, 53.2 percent of Indians who have invested in cryptocurrencies are seeking for long-term gains. Women were more interested in investing in cryptocurrency for the long run than men.
“85% of female respondents were HODLers, while 53.8 percent of male respondents were,” the report stated. According to the research, HODLers are those who invest in cryptocurrency for long-term gains. The analysis was based on a survey of WazirX investors between the ages of 18 and 60.
In the 18-30 age group, 40% of respondents invested over Rs 40,000 in digital assets, despite the bear market. Interestingly, 88% of investors in this age group have invested in Crypto in the last year. Among those aged 31-45, 50% invested more than Rs 40,000 in virtual digital assets, while 84% invested in Crypto. Among 45-60-year-olds, 40% invested more than Rs 40,000 in virtual digital assets. The top objective of these investors remains high returns on their crypto investments.
(With inputs from Shikha Singh)
You need to login in order to Like
