The survey, which spanned the Americas, Asia, Europe and Africa and interviewed more than 15,000 people, found that most respondents are aware of cryptocurrencies, with many seeing a bright future for the industry.
Joint research by Consensys and YouGov estimated that 92% of participants are aware of cryptocurrencies. 37% see the asset class as future money, while 26% are in the opposite corner, seeing it as a scam. Residents of the United States and the United Kingdom are more likely to associate digital currencies with fraudulent schemes.
A total of 15,158 people, aged between 18 and 65, from 15 countries in the Americas, Europe, Africa, and Asia, participated in the survey.
Sentiment Towards Cryptocurrencies and NFTs
Nearly 40% of respondents believe the asset class could emerge as the future of money, while 31% see it as the future of digital property. Every quarter gives the sector the evil eye, comparing it to a scam.
Nigerians (65%) and Argentines (56%) are the most motivated to hold digital assets as a means to store value. This could be explained by the instability of its financial system and local currencies.
Nigerians are also the most inclined to associate cryptocurrencies with the future of money. The South Africans and the Mexicans are, respectively, second and third. On the other hand, only 15% of the British and 17% of the Germans agree with this thesis.
Subsequently, the analysis revealed Nigeria, South Africa and Vietnam as the countries that are most familiar with non-fungible tokens (NFTs). 76% of Brits who are aware of digital collectibles have never owned one, compared to 24% of Vietnamese.
A Closer Look at Nigeria and Argentina
The economic turbulence, more specifically the depreciation of their official currencies, could be a major factor in favor of cryptocurrencies for Nigerians and Argentines.
As reported last summer, some residents of the African country began seeking alternative investments such as bitcoin and stablecoins, amid a severe fall in the naira.
Argentines have opened their arms to the asset class due to the political chaos and financial turmoil in the nation. The USDT price measured in Argentine pesos skyrocketed across multiple exchanges in 2022 when Martín Guzmán resigned as Minister of Economy.
From Users to Builders
Exploring topics such as data privacy, the carbon footprint of cryptocurrencies, the recent news cycle, and digital ownership, the survey results reveal that 92% of respondents around the world have some level of knowledge. of cryptocurrencies. More than a third of them expressed the belief that cryptocurrencies have the potential to be the future of money and digital property.
While a significant 70% of respondents believe they should receive a share of the profits generated by companies from their data, only 38% of respondents feel adequately compensated for the value and creativity they bring to the internet.
The survey results shed light on the growing widespread aspiration for greater control over online identity, shared data, and a fairer distribution of profits among those actively involved in building the platform.
Users play a direct role in building communities and improving the ecosystem in which they interact with crypto and web3, be it through software development, crypto asset participation, or the creation and acquisition of NFTs.
By Audy Castaneda
