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 shows how close Hungary is to the general trend as global interest in cryptocurrencies has increased in recent years, local media reported. The findings of the survey, conducted by the world’s largest cryptocurrency exchange Binance and 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. His 61% of cryptocurrency traders said they would prefer to buy Bitcoin (BTC), followed by Ethereum (ETH) investors with his 45% of the sample.
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.
Tags for this story
Binance, Cryptocurrencies, Cryptocurrencies, Cryptocurrencies, Cryptocurrencies, Cryptocurrencies, Cryptocurrencies, Cryptocurrencies, Cryptocurrencies, Cryptocurrencies, Cryptocurrencies, Cryptocurrencies, Hungarians, Hungarians, Hungary, Investments, Investors, Polls, Polls, Regulations, Rules, Surveys, tax, trader, user
What are your thoughts on the findings in Hungary? Share your thoughts in the comments section below.
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.
Image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. This is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. NEITHER THE COMPANY NOR THE AUTHOR WILL BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGE OR LOSS ARISING OR ALLEGED TO OCCUR ARISING OUT OF OR RELATING TO YOUR USE OF OR RELIANCE ON ANY CONTENT, PRODUCTS, OR SERVICES DESCRIBED IN THIS ARTICLE. We are not responsible.
In case you missed more popular news