Lack of Knowledge, A Hindrance for Investment into Crypto-Space – eToro survey

Year-2018 has almost been a bearish trend for bitcoin, $3,215.20 level has proven to be the strong support for BTCUSD that may be the bottom for now.

A new survey from leading investment platform eToro divulged that education is the biggest obstruction for preventing online investors from purchasing cryptocurrencies. Moreover, there is a strong zeal for financial advisories to include crypto as part of investors’ long-term portfolio. Other highlights include:

• Attitudes about crypto are informed by limited educational resources: 44% of online investors state that a lack of educational resources is the main reason for not trading crypto.
• Women are just as interested in crypto as men, but seek more information: Survey results indicate that while 41% of men identified price volatility as the top barrier to trading crypto, over half (51%) of women identified the lack of education or knowledge as the top reason for not trading. Interest in crypto was the same between men and women — 61% of both genders were interested or very interested in more crypto education.
• Millennials are significantly more in favor of using financial advisers compared to Gen-Xers and Boomers: 19% of Millennials plan on using a financial adviser to buy or sell products such as stocks, ETFs, or crypto-assets, while only 11% of Gen-Xers and 12% of Boomers indicated the same.

The U.S. managing director of eToro, Guy Hirsch says that “As we move toward a future where assets will become increasingly tokenized, it’s important to give investors access to the resources they need to invest in the assets they want and truly consider crypto-assets as part of their long-term investment plan.”