70% of Armenia’s Binance users to continue investing in crypto, survey says

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YEREVAN, July 4. /ARKA/. In 2024, 70% of Binance users plan to continue investing in cryptocurrencies, while only 3.8% reported that they do not plan to invest in digital assets in 2024, a survey by Binance, the world's leading blockchain ecosystem and cryptocurrency infrastructure provider, revealed on Thursday./pp

Additionally, 66% of respondents believe that cryptocurrencies are necessary for the development of the global economy.br/pp

The main goal of the survey was to conduct an independent and anonymous study of the main trends, forecasts, and prospects of the cryptocurrency industry according to the users of the cryptocurrency exchange in Armenia. The survey was conducted in May 2024, with more than 1,000 respondents from Armenia participating./pp

The growth of cryptocurrency penetration in Armenia indicates the country's high aspiration for innovation. This trend confirms the importance of further developing the crypto industry in the region. Binance intends to actively support this trend by providing reliable and efficient tools, as well as making a significant contribution to the development of crypto education, Kirill Khomyakov, head of Binance in Central and Eastern Europe, Central Asia, and Africa, said./pp

Below are the key findings from the survey of Binance users in Armenia:/pp • The core audience consists of men (89.7%) aged 18 to 45 - 81%. The most numerous group of respondents are users aged 26 to 35 - 34%.nbsp;/pp • 53% of respondents have higher education, 35% are employed, and 21% own a business.nbsp;/pp • The main source of information from which surveyed users learned about cryptocurrency is the Internet (51%), followed by friends or family (24.3%), and social networks (14.2%).nbsp;/pp • 48.3% of surveyed users believe that over time, cryptocurrency deposits could replace traditional bank deposits.nbsp;/pp • 35% of respondents agree that the cryptocurrency industry needs government regulation, while 34% are against it, and for 31%, it is not important.nbsp;/pp • 36% are confident that with regulation, the cryptocurrency market will see even greater growth, and 31% believe that the cryptocurrency market will become more transparent and secure.nbsp;/pp • 41% of respondents believe that cryptocurrencies will take a firm place in the global financial system within the next five years.nbsp;/pp • 50% of surveyed Binance users from Armenia believe that by the end of 2024, the value of Bitcoin will range from $70,000 to $100,000./p br br