The ongoing crypto winter storm, coupled with the failure of crypto giants like FTX, seems to keep the community bullish on cryptocurrencies, according to new research.
Since Bitcoin (BTC) hit a record high of $69,000 in November 2021, the cryptocurrency market has seen a massive sell-off in 2022, with total market cap plummeting by nearly 70%.
However, this does not prevent investors from buying more cryptocurrencies, with 41% of respondents in an online survey saying they will buy Blockchain.com in 2022.
Titled “Crypto Confidence: A Survey on Investor Sentiment,” the survey ran from November 28th to December 9th and was released on December 22nd. The company surveyed his more than 40,000 people around the world who visited his website on Blockchain.com Explorer. He is one of the largest cryptocurrency websites in the world in terms of traffic.
According to the survey results, a significant number of people still want to buy cryptocurrencies in the next year. Despite a difficult year for the cryptocurrency industry, nearly 40% of respondents indicated that he plans to buy cryptocurrencies such as Bitcoin in 2023.
Additionally, nearly 40% of respondents said they would be talking about cryptocurrencies at the holiday table this season, which is seen as a sign of growing awareness.
Aside from general investor sentiment, the survey also provides geographical insights, noting that Brazil, Nigeria and Ghana are becoming the most bullish countries.
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50% of Brazilian respondents said they bought a cryptocurrency in 2022, and 50% plan to buy a digital coin next year. Of the Nigerian, 50% said he had bought a cryptocurrency this year, while 60% of the Ghanaian respondents said he planned to buy a cryptocurrency in 2023.
In contrast, Germany and Italy emerged as some of the most skeptical countries in terms of investor sentiment towards cryptocurrencies. Only 31% of Italian respondents said they bought cryptocurrencies this year, and 29% plan to do so next year. Only 34% of German respondents will buy cryptocurrencies in his 2022, and 30% plan to do so in his 2023.