The excessive price volatility of Bitcoin- which has a finite supply and is distributed via cryptology, with no central intermediary-has elicited numerous discussions about whether the digital asset has intrinsic value. Since its launch in early 2010, Bitcoin has displayed a wild price ride, hitting an all-time high price of around $64 000 in April 2021. Thus, 2017 was a historic year in Bitcoin's price charts: the coin started at $1000 and ended at $19 783.06, representing a 1 824%…
Tag: Survey
College Students Get Into Crypto to Plug Financial Gap, Recent Survey Shows
A survey from Save the Student website shows that college students are now turning to cryptocurrencies to fund their expenses. The number of such scholars has tripled over the past 12 months. However, one student warns scholars against getting into crypto and advises them to research more before investing. Financial Crisis For Student Funding Out of those surveyed, 75% said that they had considered dropping out of school. The reasons given were either mental health issues or the pandemic, but…
1 month ago
About 67 Percent of Users Support Digital Assets Taxation
Recently, South Korean wallet provider known as Childly carried out a survey. Over 5,750 cryptocurrency users across the world were involved in the poll. The results revealed that 66 percent of respondents support cryptocurrency asset taxation. Likewise, it showed that one out of five cryptocurrency users do not support digital asset taxation. Generally, the survey showed that the cryptocurrency community is warm towards taxation. Forty-eight (48) percent of the respondents said it is mandatory to tax cryptocurrency assets; hence, they…
1 year ago
