About 45% of investors in the country are ready to invest in cryptocurrency

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MUMBAI: Despite the government's announcement of higher taxes on investments in cryptocurrencies in the 206-2 budget, a survey has found that 9 per cent of the country's investors are willing to invest more in the cryptocurrency market. Investors are investing more and more in the crypto market in the hope of getting more returns in less time.

Cryptocurrency is the most volatile investment tool in the current asset class. This is the reason why experts advise to adopt Systematic Investment Plan (SIP) route for investing in crypto. Some exchanges such as Bitbins, Unocoin, Wald, Jebbe and Giotts allow investors to invest in crypto through SIPs. Investing piecemeal can save investors from the huge losses caused by cryptocurrencies.

The shocking figure of the survey is that investors from 6 centers in small towns and rural areas participated in the study. Out of this, 7.5 per cent investors were from tier-3 cities like Balasore, Medinipur, Anglu, Ballia, Deoria, Sikar, Nadia, Singhbhum and Yadgir.

Not only cryptocurrency but also the continuous growth of the stock market since 2020, the confidence of investors has remained intact. Retail investors will continue to invest despite volatility in the stock market since the beginning of this year. About 5 per cent of those surveyed expected the market to perform well this year as well.

9% said they would invest in stocks this year. 9% said they are satisfied with their investment performance in 2021. 9% of investors said they want to invest 10-15% of their income directly in financial assets.

Mutual funds top the list of Indian investors' priorities. 4% of investors said they want to invest through mutual funds. In comparison, in 2021, 4.5 per cent people wanted to invest in mutual funds. In 2031, investors want to try different investment options.

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