Despite the latest market downturn, more than 50% of India’s survey respondents intend to expand their investments in crypto in the coming six months – indicating an optimistic approach to the market, according to a report by crypto exchange KuCoin.
Data from the report shows that, in the second quarter of 2022, 54% of Indian investors were planning to invest more of their funds in crypto in the coming six months. This said, the figure was lower than the one reported in the preceding quarter when 63% of the polled expressed the same position.
Among the respondents from the second quarter of 2022, 29% said they intended to preserve their existing crypto holdings, 12% replied they planned to sell some of them, and only 5% wanted to sell all of them, according to the report.
As “of June 2022, there are roughly 115 million crypto investors in India who either currently hold crypto or have traded crypto in the past six months, which account for 15% of the Indian population aged 18 to 60,...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...