iBabelFinance survey showed that 30% of Chinese cryptocurrency investors predicted that Bitcoin prices would be higher than 30,000 USD in the next 12 months. However, most of these investors are still investing in real estate, more so than cryptocurrency.
The survey found that 51.8% of respondents aged between 26-35 years old, 21.9% aged 19-25 years old and 22.8% aged 36-45 have monthly incomes of more than 11,000 yuan.
The average Chinese crypto investor are found to come from the younger generation – those who possess a good education and high-income salary. Among the respondents, 76.3% were men (23.7% women) and more than 75% of them have a bachelor’s degree or higher.
84.4% of respondents believe in the future of Bitcoin, while 30% still believe that bitcoin prices will reach 30,000USD over the next 12 months. 26.9% expect bitcoin prices to be between $15,000 – $20,000.
While 50% of respondents said they didn’t invest in cryptocurrency due to the high possibility of scams, 53.8% answered that they simply do not know how to buy it.
As a result, crypto investments only make up 10-20% of the average Chinese investor’s total investment portfolio. Only 12% of investors have investment portfolios where cryptocurrencies make up for 41%-50%. Most of them still prefer to invest in real estate.
Additionally, Bitcoin is still the most popular cryptocurrency. When choosing to invest, 86.7% of respondents hold Bitcoin, while 57.8% accept Ethereum, USDT (50.6%) and EOS (41%).