Despite Falling Prices Investors Pour Money Into Crypto: BIS Study

let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); atwWrapper.find('.instrumentBox').find('.shortInfo').on('click',function () { if(!window.ga){ return; } let pairId = $(this).parent().find('.js-add-to-portfolio').attr('data-pair-id'); let pairType = window.atwPairTypes[pairId]; window.ga('allSitesTracker.send', 'event', 'content', 'symbol link clicked', '', { "dimension147":"symbol_link_clicked", "dimension163":"click", "dimension148":"symbol", "dimension162":"content add to watchlist", "dimension161":"article page", "dimension142":"article", "dimension75":pairType, "dimension138":pairId, "dimension118":"2946074" }); window.open($(this).attr('data-href')); }); window.atwPairTypes = {"1057391":"indice"};

• A recent study shows why retail investors put money in cryptocurrencies despite falling prices.
• The study by the Bank of International Settlements reveals what is the driving factor of the increased interest.
• The study analyzed crypto exchange apps from 95 countries.

A recent study reveals why retail investors pour their money into crypto despite the volatility and falling prices. The study conducted by the Bank for International Settlements (BIS) reveals the reason behind the increased adoption of BTC. The study surfaces at a time when the prices of crypto are not in their best shape.

BIS analyzed the average daily usage of crypto exchange apps in 95 countries. The period of study extended from 2015–22. According to the study, the primary driver of increased interest in bitcoin is its price rise.

An extract from the study reads:

A rising Bitcoin price is followed by the entry of new users. About 40% of these new users are men under 35, commonly identified as the most ‘risk-seeking’ segment of the population.

However, not all retail investors are making a profit. The study reveals that three-quarters of the investors have lost money. The authors of the study mention that most of the users don’t use cryptocurrencies to make payments. Rather, they trade BTC despite its volatile prices.

The authors state: “We show that, when the price of Bitcoin rises, more people download and actively use crypto exchange apps. These new users are disproportionately younger and male, commonly identified as the most ‘risk-seeking” segment of the population.

The BIS study shows that 73–81% of retail investors have lost money investing in cryptocurrencies. The final conclusion of the study reveals that the entry of new users is connected with the change in prices. Furthermore, crypto exchange app adoption is high in Turkey, Singapore, the United States, and the United Kingdom.

The post Despite Falling Prices Investors Pour Money Into Crypto: BIS Study appeared first on Coin Edition.

See original on CoinEdition