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40% of survey participants plan to buy crypto in 2023

40% of survey participants plan to buy crypto in 2023

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Despite the gloom of the ongoing cryptocurrency winter, coupled with the failure of crypto giants like FTX, the community appears to remain bullish on crypto, according to a new survey.

Crypto markets witnessed a massive sell-off in 2022, with the total market cap plummeting nearly 70% since Bitcoin (BTC) hit its all-time high of $69,000 in November 2021.

That didn’t stop investors from buying more cryptocurrency, however, as 41% of respondents in an online survey by said they bought crypto in 2022.

The poll, released Dec. 22, polled more than 40,000 people worldwide who visited the Explorer website, which is one of the world’s largest crypto websites in terms of traffic. The study is titled “Crypto Confidence: A Survey on Investor Sentiment” and was conducted between November 28th and December 9th, 2022.

According to survey results, a significant portion of people are also willing to continue buying cryptocurrency in the next year. Despite a challenging year for the crypto industry, nearly 40% of respondents said they plan to buy cryptocurrencies like Bitcoin in 2023.

Additionally, around 40% of respondents said they will be talking about crypto at the holiday table this season, which is seen as a sign of growing awareness.


Aside from overall investor sentiment, the survey also offers some geographic insights, with Brazil, Nigeria and Ghana being the most optimistic countries.

Related: Turkey is obsessed with crypto – especially Dogecoin: study

For example, 50% of respondents from Brazil said they will have bought crypto in 2022, with 50% also planning to buy digital coins next year. 50% of Nigerians said they bought crypto this year, while a full 60% of respondents in Ghana said they expect to buy crypto in 2023.

In contrast, Germany and Italy proved to be among the most skeptical countries in terms of investor sentiment towards crypto. Only 31% of Italian respondents said they bought crypto this year, with 29% planning to buy next year. Only 34% of respondents from Germany bought cryptocurrency in 2022 and 30% plan to do so in 2023.

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