Despite a tough year for the crypto industry, nearly 40% of respondents said they plan to buy cryptocurrencies like Bitcoin in 2023.
Despite the ongoing cryptocurrency winter gloom, coupled with the failure of crypto giants like FTX, the community seems to remain bullish on crypto, according to a new survey.
Crypto markets saw a massive sell-off in 2022, with total market capitalization dropping almost 70% from bitcoin
reached its all-time high of $69,000 in November 2021.
However, that hasn’t stopped investors from buying more cryptocurrency, with 41% of respondents telling Blockchain.com in an online survey that they bought crypto in 2022.
The study, titled “Crypto Confidence: A Survey on Investor Sentiment,” was conducted between November 28 and December 9 and released on December 22. The company surveyed over 40,000 people worldwide who visited the website Blockchain.com Explorer is one of the largest crypto websites in the world by traffic.
According to the survey results, a significant number of people are also willing to continue buying cryptocurrency over the next year. Despite a tough year for the crypto industry, nearly 40% of respondents said they plan to buy cryptocurrencies like Bitcoin in 2023.
Additionally, around 40% of respondents said they would be talking about crypto at the holiday table this season, which is seen as a sign of growing awareness.
Along with general investor sentiment, the survey also offers geographic insight, noting that Brazil, Nigeria and Ghana emerge as the most optimistic countries.
Related: Turkey Is Obsessed With Crypto, Especially Dogecoin: Study
50% of Brazilians surveyed said they would have bought crypto in 2022, and 50% also plan to buy digital coins next year. Fifty percent of Nigerians said they bought crypto this year, while 60% of Ghanaian respondents said they plan to buy crypto in 2023.
In contrast, Germany and Italy have proven to be among the most skeptical countries in terms of investor sentiment towards crypto. Only 31% of Italian respondents said they have bought crypto this year, and 29% plan to buy next year. Only 34% of German respondents have purchased cryptocurrency in 2022 and 30% plan to do so in 2023.