Bank for International Settlements (BIS) says wealthy and educated investors prefer to buy from two major altcoin projects over Bitcoin (BTC). Let’s examine the detections of the Bank for International Settlements together…
Bank for International Payments: These 3 altcoin holders are in the richest group!
In a new report, the Bank for International Settlements looks at the array of investor activities in the crypto space, broken down by global financial wealth, education, and income level held by central banks. The Bank for International Settlements says:
Among the various cryptocurrencies, XRP and Ether holders are the most educated, Litecoin (LTC) holders are the least educated, and Bitcoin holders are in the middle. Cryptocurrency holders have a higher-than-average household income, with XRP, Ether and Stellar (XLM) holders being the wealthiest.
In terms of income, ETH, XRP, LTC, XLM and EOS holders are superior to Bitcoin holders!
Only XRP and ETH holders outpace Bitcoin holders in terms of both income and education. Holders of educationally popular altcoins XRP, ETH, and Bitcoin Cash (BCH) are above Bitcoin investors. In terms of income, holders of ETH, XRP, LTC, XLM and EOS have superior rankings to holders of Bitcoin.
The report reveals that Bitcoin is the most owned cryptocurrency, followed by ETH and LTC. In terms of recognition, BCH comes second after the king coin. Based on these findings, the BIS provides an interesting view of crypto based on trends identified in cryptocurrency holders. The Bank for International Settlements says:
While knowledge about cryptocurrencies has become widespread, ownership remains limited to a niche population. In 2014, only 40% of US citizens were aware of at least one cryptocurrency (mainly Bitcoin). This rate rose to almost 70% in 2019. If the trend continues, in a year or two the entire US population will recognize at least one cryptocurrency. The adoption and use of cryptocurrencies is still not high. Only 1% of the US population. 4 of them owned at least one cryptocurrency in 2019.
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