The majority of surveyed cryptocurrency investors from Africa said that the main motivation for making money is for family well-being. This was reported by Business Insider Africa.
According to the Luno survey, 78% of respondents save regularly; among the general population, the figure is lower at 65%. Only 3% do not have an investment plan.
Almost half (48%) of respondents are willing to invest their wages in cryptocurrencies to pay for their children's education, 43% to build seed capital for children and/or grandchildren, and 39% to save.
More than half of Nigerians (55%), South Africans (56%) and Kenyans (64%) would not consider investing in digital assets due to a lack of awareness.
An earlier survey showed that men are twice as likely as women to invest in cryptocurrencies. The latter, according to a recent survey, buy digital assets based on their capitalisation.