Most investors in cryptocurrencies learn about the topic on their own. Photo: Ahmad Ardity, Pixabay.
Half of cryptocurrency investors are new to the market, as they entered this segment between last year and 2021. Those who entered between 2017 and 2019 are 38% of the total. And the remaining 12% started in 2016 or even earlier, when bitcoin was much more unknown than it is today.
In addition, there are more investors in cryptocurrencies with higher education courses related to finance (26%) than non-investors (18%). These are some of the conclusions of a survey that the São Paulo School of Economics of Fundação Getúlio Vargas (FGV EESP) carried out in partnership with the University Blockchain Research Initiative (UBRI), which is owned by Ripio, which has a blockchain and the XRP currency. , and the manager Hashdex.
The study interviewed 576 investors. Of these 446 are men and 130 are women. All are in the client base of independent agent offices, including Monte Bravo Investimentos, Blue3 Investimentos, Acqua-Vero Investimentos, One Investimentos and Renova Invest. The survey took place between February and March 2021.
Although women make up 22.6% of the sample, only half of them invest in cryptocurrencies. In terms of age, 34% of investors in cryptocurrencies are between 30 and 39 years old, which is lower than those who invest in other assets.
The majority of respondents (56.59%), investors or not in cryptocurrencies, stated that they learn about the subject on their own. They are self-taught who use videos and tutorials from the internet. Among crypto investors, there is a predominance of individuals with higher education courses related to finance than among non-investors, 26% against 18%.
Even so, they gave the score 6.87 for their investments. While investors who did not put money into cryptocurrencies rated 6.21 for the performance of their investments.
This is the second part of the survey. The first sought to identify the profile of investors. Now, the study has pointed out more determining factors for investment in cryptocurrencies “in terms of demographic data, levels of education and risk aversion and prospects for the Brazilian economy,” according to the survey’s makers.