Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows – Bitcoin News

According to a survey, Hungarians want to know more about the long-term investment opportunities that cryptocurrencies offer. However, polls show that the risks involved and insufficient information in the native language are major concerns.

Hungarians want to know how crypto profits are taxed and what rules apply to such investments

A new poll has shown how close Hungary is to the general trend as global interest in cryptocurrencies has increased over the past few years, local media reported. As a result of a survey conducted by the world’s largest cryptocurrency exchange, binanceand market research firm Opinio were shared with Hungarian news agency MTI.

The survey confirmed that the majority of Hungarians still consider cryptocurrency investments to be riskier than average. Another problem they see is the lack of sufficient information in Hungarian about digital assets.

Those who remain wary of cryptocurrencies also highlight privacy concerns and fears that they are not secure enough as a form of investment.

Respondents willing to acquire cryptocurrencies would like to know more about the long-term investment opportunity, how the income from such transactions will be taxed, and the domestic and international regulations that apply to the transaction. thinking about.

The study authors found that 86% of participants had never used cryptocurrencies and 4% were considered casual users. About 3% see cryptocurrencies as an additional source of income, and 1% see cryptocurrencies as their primary source of income.

The survey also recorded what even crypto-averse Hungarians know about Bitcoin. 61% of his cryptocurrency traders said they would prefer to buy bitcoin (Bitcoin), followed by Ethereum investors (ethereum), which accounted for 45% of the samples.

A representative online survey was conducted in early December and included 1,034 smartphone-owning respondents aged 18 to 59, taking into account gender, education and location in addition to age.

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What are your thoughts on the findings in Hungary? Share your thoughts in the comments section below.

Lubomir Tasev

Lubomir Tasev, a tech-savvy journalist from Eastern Europe, loves what Hitchens says. In addition to cryptocurrencies, blockchain and fintech, international politics and economics are sources of inspiration.

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