According to Blockworks, ConsenSys and YouGov released a survey on Tuesday focusing on cryptocurrency and Web3. The results of the survey showed differences between developed and emerging economies.
The survey was conducted between late April and May of this year among more than 15,000 people aged 18 to 65. Respondents were also spread across 15 different countries in Africa, America, Asia, and Europe. The vast majority (92%) are aware of cryptocurrencies, but the similarities end there. Respondents from developing countries are generally more optimistic about cryptocurrencies, while developed countries are clearly more skeptical. Nigerians are very keen on owning cryptocurrencies as a store of value, with 65% of Nigerians feeling this way. For cryptocurrency investors in the United States, Germany, and the United Kingdom, the reasons for owning digital currencies are somewhat different.
According to a ConsenSys spokesperson, Americans, Germans, and Britons surveyed all said one of the main reasons they invested in cryptocurrencies was because they were "curious" and wanted to learn about the industry through "experiments." For the same reason, 56% of Argentines were motivated to own cryptocurrencies. They said they felt the "local currency was too unstable." According to the New York Times, the inflation rate of the Argentine peso has exceeded 114%.