38% of South Africans Are Wishing They Had Invested in Cryptocurrencies
Old Mutual, Pan-African financial services giant has released the 2018 Savings and Investment Monitor survey for South Africa. The report indicates that 38% of the residents and citizens of South Africa who were already aware of the existence of digital assets wished they had invested in cryptocurrencies.
South Africans also expressed positive sentiment regarding cryptocurrencies in general with 71% of them saying that “you can make a lot of money with them.” However, there are also 43% of South Africans who likened them to pyramid schemes.
60% of South Africans told the survey that they had no inkling of their existence while the percentage of those who demonstrated a high level of cryptocurrency knowledge was 4%. Those whose awareness of cryptocurrencies was low was 17%, while 19% heard about them only recently.