Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows – Bitcoin News
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A survey has shown that Hungarians would like to know more about the long-term investment opportunities offered by cryptocurrencies. However, the risks associated with surveys and insufficient knowledge in the mother tongue are major concerns, according to the survey.
Hungarians want to know how crypto income is taxed and what rules apply to such investments
As global interest in cryptocurrencies has grown in recent years, a new survey has assessed how closely Hungary is following the general trend, local media reported. The results of the study conducted by the world’s largest crypto exchange Binance and the market research company Opinion were shared with the Hungarian news agency MTI.
The survey showed that the majority of Hungarians believe that crypto investments still involve higher than average risks. Another problem they see is the lack of sufficient information in Hungarian about digital resources.
Those who are wary of cryptocurrencies also highlight privacy concerns and fears that they are not sufficiently secure as a form of investment.
Respondents who are open to buying crypto would like to know more about long-term investment opportunities, how income from such transactions is taxed, and which domestic and international regulations apply to trading.
The authors of the study found that 86% of participants had never used cryptocurrency, while 4% are considered occasional users. About 3% consider crypto-assets as a source of additional income, and for 1% cryptocurrency is the primary source of income.
The survey also showed that even Hungarians who stay away from cryptocurrencies know about Bitcoin. 61 percent of cryptocurrency traders said they prefer to buy bitcoin (BTC), followed by ethereum (ETH) investors, who accounted for 45 percent of the sample.
The representative online survey was conducted in the first half of December and involved 1,034 smartphone-owning respondents aged 18-59, who took gender, education and place of residence into account in addition to age.
What do you think of the results of the Hungarian study? Share your thoughts in the comments section below.
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