Surveys reveal that 38% of South Africans wish they had invested in cryptocurrencies. Businesses are now reporting a significant interest in emerging technology from corporate investors.
There is a commitment on the part of international institutions such as international banks and stock exchanges to regulate cryptocurrencies, as they seem to want it to be a legitimate asset class in the future.
Customer interest, particularly in the retail sector, has continued in South Africa.
South Africans Conscious of the Cryptos
The survey of the Savings & Investment Monitor 2018 of the Pan-African investment bank Old Mutual, published this week, reveals that attitudes towards Bitcoin (BTC) at the local level are rapidly seeking adaptability.
Forty percent of South African respondents are aware of cryptocurrencies, according to the bank, which conducted surveys between April and May 2018.
More than half of South Africans believe it is possible to make a large amount of money by investing with cryptocurrencies, Business Tech, a local media outlet, also confirmed; and 43% believe that is not a profitable business.
The increase in the perception and confidence in digital assets is generated despite the global fall in prices throughout 2018. Bitcoinist recently reported how sentiment elsewhere also continues to improve despite the lower prices and frequent media attacks that accompany the volatility.
In South Africa, statistics reveal the online interest. The country continues to rank first in Google’s search terms related to cryptos.