Reasons for cryptocurrency engagement
| Statement | Number reporting | Percent (%) |
|---|---|---|
| Fear of missing out | 96 | 15.9 |
| Just for fun | 38 | 6.3 |
| To know more about cryptocurrency | 191 | 31.6 |
| To make money quickly | 139 | 23 |
| Long-term investment | 171 | 28.3 |
| Provide inheritance | 21 | 3.5 |
| Support initiatives that build blockchain technologies | 30 | 5 |
| As a means of payment for online purchases | 62 | 10.3 |
| To make domestic or cross-border money transfer | 26 | 4.3 |
| To diversity my overall investment portfolio | 133 | 22 |
| None of the above | 202 | 33.4 |
| Miscellaneous | 27 | 5.8 |
| Statement | Number reporting | Percent (%) |
|---|---|---|
| Fear of missing out | 96 | 15.9 |
| Just for fun | 38 | 6.3 |
| To know more about cryptocurrency | 191 | 31.6 |
| To make money quickly | 139 | 23 |
| Long-term investment | 171 | 28.3 |
| Provide inheritance | 21 | 3.5 |
| Support initiatives that build blockchain technologies | 30 | 5 |
| As a means of payment for online purchases | 62 | 10.3 |
| To make domestic or cross-border money transfer | 26 | 4.3 |
| To diversity my overall investment portfolio | 133 | 22 |
| None of the above | 202 | 33.4 |
| Miscellaneous | 27 | 5.8 |
Source(s): Authors’ summary results
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