Chinese Survey Reveals Around 40% of Respondents Plan to Invest in Crypto

As per Chinese local news, only 40% of the respondents of a survey are ready to invest in the crypto market in China. The result came after a Chinese agency, PANews conducted a survey of around 4,200 people, and only 40% showed the interest in investing in Crypto markets in the near future.

As per the conclusion derived post-survey, only half of the respondents have heard of the crypto market and other related areas like Bitcoin, cryptocurrency, digital currency, etc.

On the contrary, around 65% of the total respondents are of the opinion of not going for the crypto platform as a mode of payment in the current market.

Off late, the Chinese news agency released the latest cryptocurrency rankings. As per the rankings, EOS takes the top spot. EOS is a consensus blockchain operating system that provides databases, account permissions, scheduling, authentication, and internet-application communication to app developers. EOS operates as a viable alternative to the Ethereum network and provides developers with all the tools they need to operate without having to worry about advanced cryptography implementations or communication within the blockchain.  It’s backed by Dan Larimer of Steemit, Bitshares, and Graphene.

Ethereum which is the third largest by market capitalization holds the second place. Similarly, Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of the Nakamoto consensus via transaction-based state transitions. Surprisingly, Bitcoin holds the 18th spot in this ranking.

Last month, as per a report from Cointelegraph, a Twitter survey was conducted by a former US Congressman for a viable source of investments in the future. The survey revealed that almost 95,000 votes favored Bitcoin as a trusted long-term investment when compared to other traditional investments.

Similarly, according to a survey which was conducted by German Federal Association for Information Technology, Telecommunications and New Media (BITKOM), it was found that over a third of established German companies believe blockchain to be the next global revolution after the much sought-after internet.

Bitkom represents more than 2,600 companies of the digital economy. Through IT and communication services alone, our members generate a domestic annual turnover of 190 billion Euros. The members employ more than 2 million people in Germany. They offer a wide range of software technologies, IT-services, and telecommunications or internet services, produce hardware and consumer electronics, operating in the digital media sector or are in other ways affiliated with the digital economy. A strong European digital policy and a fully integrated digital single market are at the heart of Bitkom’s concerns, as well as establishing Germany as a key driver of digital change in Europe and globally.

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