41% of adult investors in Hong Kong unwilling to hold cryptocurrencies.

Pundarik1313

On October 18th, according to DL News, the attitude of Hong Kong residents towards cryptocurrencies has worsened following the JPEX incident. A survey conducted by the Hong Kong University of Science and Technology's School of Business and Management found that out of 2,200 respondents aged 18 and above, 41% are currently unwilling to hold any cryptocurrencies. This represents a significant increase of 12 percentage points compared to a similar survey conducted from April to May involving 5,700 people. Despite 84% of the respondents claiming to have heard of virtual assets, only 27% of them currently own or have owned cryptocurrencies. Furthermore, the desire to own cryptocurrencies in the future has also weakened, with only 20% expressing interest, a decrease of 5 percentage points from the previous survey. Among those willing to invest in cryptocurrencies, 80% plan to hold cryptocurrencies worth 50,000 Hong Kong dollars or less.

Baka101101

Concerns about security are indeed valid.

977Iti

Not wanting to hold these assets shows a lack of confidence in the market.

Isha000

Yes, the cryptocurrency market currently carries substantial risks, and cryptocurrencies don't have many real-world use cases.

Ritu13

It's surprising that the interest is decreasing, given that it's considered the future trend.