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Bitcoin and Other Cryptocurrencies in Our Lives: ForkLog Survey Results

Bitcoin and Other Cryptocurrencies in Our Lives: ForkLog Survey Results

In 2020, in ForkLog's annual survey “Bitcoin and Other Cryptocurrencies in Our Lives,” 1,815 people from Russia, Ukraine, Belarus, the United States, and countries across Asia and Europe participated. Key takeaways: 94.6% of ForkLog's audience are men. Bitcoin and Ethereum remain the most popular cryptocurrencies. In 2020, 72.3% of respondents reported a return on their investment portfolios. Survey participants prefer trading on the Binance exchange and generally trust centralized trading platforms. Half of respondents use a VPN. Uniswap is one of the most-used DeFi services. Portrait of ForkLog Readers: The majority are aged 26–35 and mostly men. About 91.7% live in Russia and nearby regions. Top five visitors include Russians, Ukrainians, Belarusians, Kazakhstani, and Polish residents. A profile of ForkLog readers is shown through several image galleries. Forty-five percent report a middle income, 30.7% low, 19.1% above average, and 5.2% high. A third can afford occasional trips abroad; a slightly smaller share did not travel outside their home country. One in three owns their own business. 28.9% are directly connected with the blockchain and cryptocurrency sector. 7.6% learned about cryptocurrencies in the early years of their existence, but most learned during the Bitcoin boom of 2016–2017. Cryptocurrencies are held by a large majority; almost half bought digital assets during 2016–2017. 57% plan to expand their portfolios, 10% are considering creating one, and 72.3% earned a return in 2020. The report also covers mining and staking, anonymity and the darknet, DeFi, trading, wallets, ICO/IEO/STO investments, and media consumption. The majority trade on centralized exchanges like Binance, with some participation in derivatives and limited use of DeFi services such as Uniswap. The document also notes privacy measures, VPN use, and media preferences, including ForkLog as a primary source for crypto information.
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