From a study by the Bank for International Settlements (BIS) some interesting things have emerged about the owners of cryptocurrencies such as ripple (XRP) on ethereum (ETH).
The Bank for International Settlements is a large international financial institution headed by a large number of central banks. It is, as it were, a bank for central banks and is located in Switzerland.
Thorough investigation
On July 1, this organization brought a report in which cryptocurrencies were examined in detail. The report was written by Dr. Raphael Auer and David Tercero-Lucas. Two leading researchers and economists from the institute.
The report had three goals: To hypothesize that cryptocurrencies are sought after by a distrust of fiat analyze currency. The socio-economic status of retail investors discover and see how knowledge influences investment decisions. Finally, we looked at how crypto investments changed over the years.
Perhaps the most interesting finding has to do with the second point
Highly educated people opt for ripple and ether
The analysis of the socio-economic status of crypto investors assessed that people who are highly educated generally have more knowledge about crypto and are also more likely to invest in crypto. In addition, the difference between men and women is remarkable. Men are much more likely to invest in crypto than women.
The report also states that owners of Ripple on Ethereum are the most highly educated. Owners of Litecoin (LTC) are the least educated, according to the BIS report.
Across cryptocurrencies, in our sample we find that owners of #xrp and #ether are the most educated, while those owning #litecoin are the least educated, with #bitcoin and #bch ranking in the middle. #btc [5/7] pic.twitter.com/t0XbeTJiWf
– Raphael Auer (@RaphAuer) July 1, 2021
Of course, such statistics do not say much about the value of a project and it is difficult to determine how this data can be important for the price of a crypto. However, it gives an interesting insight into the composition of groups of investors from different cryptocurrencies.
Last month came out a economic annual report of the BIS said that they did not exactly see crypto in a positive light. According to the institute, cryptocurrencies were purely speculative and certainly not legitimate money. The institute also cited the many criminal activities that used cryptocurrencies and, of course, the energy consumption of bitcoin (BTC) be problematic.
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