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Sunday

19 September 2021

25% of South Africans Own Cryptocurrency With Average Value of Assets Held Below $70 – Bitcoin News

25% of South Africans Own Cryptocurrency With Average Value of Assets Held Below $70 – Bitcoin News


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Fewer South Africans — about 13% of the respondents — are holders of cryptocurrencies that are valued between $70 and $700.

Still, despite having a significant number of people that hold cryptocurrencies, a majority of South Africans (53%) are not crypto holders, the study found.

On the other hand, some 16% of the respondents said they are interested in using or trading cryptocurrencies because “everyone can do it.” The study shows that 36% plan to invest in crypto in the future and that only four percent of the respondents list the lack of regulation as their prime reason for choosing to hold cryptocurrencies.

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