A recent survey revealed that 75% of investors in emerging markets in Asia Pacific and Latin America are looking to increase their exposure to cryptocurrency investments.
The survey carried out by Toluna took into account the opinion of 9,000 people from 17 countries. The results showed that more investors in emerging markets in Asia-Pacific and Latin America believe that cryptocurrency investments are on a long-term upward trend. This is in contrast to developed markets who tend to believe the cryptocurrency is in the midst of another hype cycle.
Emerging markets appear to be the most bullish markets for growth in the cryptocurrency sector, as 32% of surveyed respondents trust cryptocurrencies compared to just 14% in developed markets such as the United States and the European Union.
The relative difference in trust is reflected by the disparity between respondents who invested in cryptocurrencies in emerging markets (41%) and those in developed (22%).
The difference in confidence can be explained, in part, by the perception of risk. Only 25% of investors in emerging markets believe cryptocurrency is too risky, while 42% in developed markets feel that way.