According to a Bybit and Toluna study, 64% of North Americans It took less than two hours or no research at all. Before investing in cryptocurrencies
baby boomer group (those aged 56-64) were the group that tended to be more cautious. It focuses on technical factors and reviews the market for a few days before investing.
Bybit – and its consumer intelligence platform – Toluna – haveexploreMore than 10,000 individuals to determine whether they followed proper verification procedures before allocating funds to invest in cryptocurrencies.
Nearly 50% of North American respondents admitted to becoming HODLers after just a few hours evaluating the pros and cons, while 15% said they relied on social media and peer recommendations.
Younger generations are more likely to neglect the due diligence process than older generations, with 33% of Gen X and 47% of Baby Boomers. Take at least a few days before investing in the project. cryptocurrency
Further studies reveal that 50% of over 1,700 participants have purchased digital assets without considering stricter regulatory standards a concern, while 25% support higher supervision in cryptocurrency exchanges. Centralized for additional protection
Bybit and Toluna also noted that KYC requirements are useful tools that can prevent cybercrime and hacking, which “ultimately contribute greatly to the safety and security of the ecosystem.”
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