15% of North Americans don't do any research before investing in crypto, while 49% spend less than two hours.
15% of North Americans don’t do any research before investing in crypto, while 49% spend less than two hours.
Boomers tend to be more cautious, focusing on technical factors and inspecting the market a few days before diving into it.The cryptocurrency exchange – Bybit – and the consumer intelligence platform – Toluna –over 10,000 individuals to determine whether they follow appropriate due diligence procedures prior to allocating funds in digital currencies.
Younger generations are more likely to neglect the due diligence process than the older. 33% of Gen X and 47% of Boomers spend at least a few days before investing in a cryptocurrency project.The study further revealed that over 1,700 of the participants have already bought digital assets. 50% don’t view stricter regulatory standards as a concern, while 25% would support enhanced supervision on centralized exchanges to get additional protection.
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