As the specialists of the British company Luno found out, most of the cryptocurrency owners from Nigeria, Kenya and South Africa buy digital assets to provide an opportunity for their children to learn.
The survey involved about 7,000 people from Nigeria, Kenya, South Africa, United Kingdom, Australia, Indonesia and Malaysia. At the same time, 69% of residents of African countries said that they buy cryptocurrencies in order to improve the lives of their families.
According to researchers, 48% of Africans invest part of their salaries in cryptocurrencies in order to be able to pay for the education of their children in the future. Another 43% hope to accumulate a small fortune that can be left to their families, and 3% said they buy digital assets just like that, without special plans.
“Lately, a lot of attention has been paid to the cryptocurrency revolution in Africa. The potential is really huge and it is necessary to ensure that the adoption of cryptocurrencies in Africa is safe, ”said Marius Reitz, manager of Luno.
At the same time, most of the inhabitants of African countries do not know anything about cryptocurrencies. 64% of Kenyans said they do not even have a basic knowledge of this asset class, so they are not considering it for investment. Among residents of Nigeria and South Africa, the proportion of such residents is less – 55% and 54%, respectively.
Note that residents of other countries surveyed have a different motivation from Africans. Thus, 41% of Australians invest in cryptocurrencies to buy real estate. For residents of the UK, Indonesia and Malaysia, retirement savings have become the main reason.
A recent survey of teens in the US showed that 25% of respondents prefer to invest in cryptocurrencies. However, stocks turned out to be the most attractive for American teenagers – 43% of respondents invest in them.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
