According to a recent survey from MyBroadBand, a survey company in South Africa, many South Africans are planning to buy cryptocurrencies. This is as a result of the skyrocketing of cryptocurrency prices back in Q4 2017.
The survey was conducted on 1200 individuals and this according to MyBroadBand is a good representation of the view of cryptocurrency by South Africans.
The cryptocurrency prices have plunged in the first quarter of 2018, but the general, market is recovering now. Bitcoin price is almost hitting $10k which is still way half of its All-Time High in Q4 2017.
MyBroadBand suggests that 50% of South Africans who have never bought or owned digital coins are also planning to jump in the boat. The survey was closed in April and MyBroadBand suggests that “25% of the total group plan to invest in cryptocurrency, 7% in cryptocurrency mining while 25% in both.
“Of the survey respondents who do not own or who have never owned cryptocurrency, almost 50% said they plan to invest in an aspect of cryptocurrency or crypto mining in 2018.”
This comes amidst of the global plans to regulate the digital coins. However other countries are banning crypto which none of the African countries have.
Cryptocurrency in Africa has gained popularity just the same way it has globally. However African governments are still naïve on the idea they aren’t buying it at all costs.
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