According to a study published by fintech firm Broadridge, more than 65 percent of respondents in Canada, the United Kingdom, and the United States said their cryptocurrency holdings are a long-term investment.
Consistent with the buy-and-hold approach taken by many traditional equity investors, respondents focused more on “financials, risk and security, and information about management teams” than native cryptocurrency metrics such as token economics and BTC -0.43%-network-activity-surges-markets-emerge-multiple-bullish-indicators/">network activity.
White papers of cryptocurrency projects are the least visited source of information among participants, with just over 20%. Cryptocurrency websites are the preferred source for nearly 40% of people to gather information about cryptocurrency projects, and even social media (i.e. Crypto Twitter) is more popular (about 26%).
While the need for decentralization is a dominant topic on crypto Twitter, the findings show slightly more than 50 percent of people hold cryptocurrencies on CEXs rather than in user-controlled wallets.