[2017-06-17]Survey Shows Bitcoin Has Much Room to Grow with Retail Investors

A recent survey of retail investors in Japan, the US, and Hong Kong shows that only a tiny fraction of them are currently investing in digital currencies like bitcoin, leaving tremendous potential for growth.
Monex Group’s Survey

Survey Shows Bitcoin Has Much Room to Grow with Retail InvestorsThe Monex Group is an international financial services company headquartered in Tokyo. The company released the twenty-third Monex Global Investor Survey on Thursday which includes a section on digital currency investments. The survey was conducted from May 29 to June 5 this year.

Customers of three Monex Group subsidiaries were asked; Monex Inc. in Japan, Tradestation Securities Inc. in the U.S., and Monex Boom Securities Limited in Hong Kong. There were 872 respondents in Japan, 122 in the U.S., and 300 in Hong Kong.

The Findings

Despite the government recognizing bitcoin as a legal method of payment on April 1, the number of Japanese digital currency investors is still very low, the survey found. Monex wrote:

The results showed that the percentage of retail investors actually investing is still low, with only 3% of retail investors in Japan and the U.S., and only 10% of retail investors in China (Hong Kong), answering that they had already invested in virtual currency.
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