[Digital Today Reporter Hyun-Woo Choo] It was found that the share of bitcoin in the investment portfolio of virtual asset users around the world has increased significantly compared to the same period last year.
Recently, Pigeon Wallet conducted a survey asking 7433 users around the world asking whether the bitcoin allocation ratio in the digital asset portfolio has increased compared to the same period last year.
As a result of the survey, a whopping 54% of all respondents answered that it’increased’. On the other hand, 22% of respondents who answered’it decreased,’ and 24% answered that there was no change in the bitcoin allocation ratio.
These survey results can be said to be a result of reflecting the trust in bitcoin as an alternative investment asset as the value of bitcoin has been rising since last year, positive market outlook, and investment by institutional financial institutions in earnest.
As a result of a survey by country, most regions showed an increase in the bitcoin allocation ratio in the portfolio. In particular, it is interesting to note that in developing countries such as Brazil, Egypt, India, and Algeria, the increase in the bitcoin allocation ratio of users was even higher.
In the case of domestic users, 40%, which is less than the overall average, answered’an increase in the allocation ratio of bitcoins in the portfolio’, while a whopping 44% answered’no change’, showing a big difference from users around the world.
This result is somewhat conservative compared to other regions, and it is interpreted that some of the propensity of domestic users who are relatively active in investing in other altcoins other than Bitcoin.
Pigeon Wallet CEO Kim Eun-tae said, “Bitcoin’s position as the most stable and reliable asset in digital assets is still solid.” It is a year in which digital assets are expected to emerge and be promoted.”
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.