Altcoins News
By Steven Anderson
1 / 9
A recent survey in China by a news site revealed that about 63% of the people thought that it was not essential to have cryptocurrency as a payment system.
2 / 9
About 40% of them stated they would be interested in investing in cryptocurrency. About 14% of them reported that they have invested in cryptocurrency already.
3 / 9
When an analysis was made about the numbers of people who have heard of blockchain and cryptocurrencies, it was seen that about 98.
4 / 9
This survey revealed that despite the ban there are several crypto exchanges that the Chinese make use of to access the crypto markets.
5 / 9
The primary purpose of cryptocurrency as set by Nakamoto and in the Bitcoin white paper is to establish a peer-to-peer electronic payment system.
6 / 9
Payment has been the primary purpose of the cryptocurrency. In a country like China, mobile payment is considered to be pretty convenient. About 63.
7 / 9
The survey studied when the Chinese crypto investors came into the market. It was revealed that they entered the market when it was the bull period in the year 2017.
8 / 9
With this being the fate of cryptocurrencies in China, institutional investors are stepping into the market in 2019.
9 / 9
Whether institutions will be considering the Bitcoin as a store of value during hard times is something we are yet to witness.
The Currency Analytics
Want the full story?