Table 5

Reasons for cryptocurrency engagement

StatementNumber reportingPercent (%)
Fear of missing out9615.9
Just for fun386.3
To know more about cryptocurrency19131.6
To make money quickly13923
Long-term investment17128.3
Provide inheritance213.5
Support initiatives that build blockchain technologies305
As a means of payment for online purchases6210.3
To make domestic or cross-border money transfer264.3
To diversity my overall investment portfolio13322
None of the above20233.4
Miscellaneous275.8

Source(s): Authors’ summary results

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