Considering 2020, there has been a surge in crypto holdings among retail investors, consistent with the latest report by the International Organization of Securities Commissions (IOSCO).
The report, released on October 9th, shows that 30% of retail traders in the six jurisdictions surveyed owned cryptocurrencies last year, and many of the relationships in 2020. This is a sharp increase from the range of 1% to 5% that was reported through the media.
The report highlights how interest in cryptocurrencies has continued to develop despite market volatility, with a major economic downturn at some stage during the 2022 “crypto winter”. There is. Retail investors in both developed and emerging countries are still keen to spend money on cryptocurrencies, and younger traders (under 40), especially men, are capitalizing on this trend.
In the US, nearly 60% of traders under 35 are considering or have already invested in cryptocurrencies, while 44% of Gen Z (ages 18-25) have started investing in cryptocurrencies. Masu.
However, IOSCO expressed concern about the risks associated with virtual currencies, including market volatility, fraud, and loss of law. The document highlights the need for stronger investor training and safety to deal with these challenging situations.
Records show that key motivations for crypto funding consist of fear of missing out (FOMO), speculation, low entry prices, and recommendations from friends and social media.
Despite high-profile collapses, market persistence, and a surge in fraud, the appeal of cryptocurrencies remains strong, with new investors taking center stage.
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