Regardless of the potential risks that come with crypto investing, families in the EU region reportedly believe it to be a viable measure to gain extra income, per insights from crypto trading platform BitMEX. 

Specifically, the study – commissioned by BitMEX and carried out by research agency Kantar – reportedly aimed to explore crypto-associated trends throughout consumers in 2022, with 3,000 participants across 14 markets in Europe, Asia and Latin America. 

The final conclusion revealed that Europeans view crypto as a viable tool for investments and saving up for their families.

Over half (55%) of the correspondent from the EU reportedly declared that they have crypto in their investment portfolio at the moment. 

Furthermore, 70% of these respondents further revealed that the primary feature crypto has to offer is to be used for their family’s needs, with extra insights disclosing that 61% of the respondents look at crypto as “a good way to diversify investments.”

Besides these insights, the research additionally referred to a point that three out of five European respondents declared a 50% surge in value for their crypto investments. 

Although the figure is not as major compared to that of hitting the jackpot, the survey showed that over 80% of the transactions of the crypto owners that took part in the research are $1,000 and above.

BitMEX chief marketing officer (CMO) Michele Bertacco also claimed that the target of the survey was to grasp a better understanding of investors’ behavior. After seeing the results, Bertacco explained that “The mainstream appetite for crypto is growing at a very fast speed.”

In May, an additional research disclosed that 80% of participants share a willingness to work out more if they got cryptocurrency as an incentive.