According to ChainCatcher news, Consensys has released the results of the latest Web3 survey conducted in collaboration with YouGov. The survey further confirms the high penetration rate of cryptocurrency in emerging markets, with Nigeria standing out, followed by South Africa. The five jurisdictions most likely to invest in cryptocurrency in the next 12 months are Nigeria (93%), South Africa (77%), the Philippines (59%), India (58%), and Indonesia (54%). The least likely to purchase are Europeans, Canadians, and Japanese. Respondents from the UK scored the lowest (15%), with the US at 41%, positioned between Brazil (43%) and Argentina (39%).
The main factors hindering investment include volatility, scams, and the basic knowledge required to enter the market. A considerable number of people do not understand the purpose of blockchain or think it is too complex, thus considering this investment only suitable for those who are technically savvy. Additionally, 47% of respondents indicated that the current banking system works well but still has room for improvement. However, 18% believe a complete overhaul is necessary, while 19% think maintaining the status quo is sufficient.