Planning for Tomorrow! 1 in 2 retirement savers are investing in crypto

Moreover, the survey sheds light on the perception of cryptocurrencies as a mainstream asset class. Remarkably, 50% of respondents envision cryptocurrencies becoming the mainstream asset class within the next five years, highlighting the growing confidence and acceptance in the crypto space.

Delving deeper into the survey insights, it's fascinating to note that a significant majority of respondents, approximately 59%, prefer making financial decisions independently. This reflects a trend towards self-reliance and empowerment in financial matters. However, it's essential to acknowledge the role of social networks, with 19% seeking assistance from family and friends, and 14% relying on their partner's input. Surprisingly, only 5% of respondents turn to financial advisors for guidance, indicating a gap in advisory services, particularly in the crypto sphere.

Furthermore, the survey reveals a noteworthy statistic that 70% of crypto-invested users make their financial decisions independently. This underscores the growing financial literacy and confidence among crypto investors. However, it also highlights the need for enhanced advisory services tailored to the unique characteristics of the , which differs significantly from traditional asset markets.

Motivation plays a pivotal role in driving investment decisions, and the survey provides valuable insights into investors' mindsets. Among the respondents, 63% identified wealth growth as their primary motivation for investing. Unsurprisingly, a higher percentage of crypto-invested respondents, 72%, echoed the same sentiment, emphasizing the potential wealth-building opportunities presented by cryptocurrencies.

In the survey, Mudrex conducted research across a broad spectrum of adults from across India, spanning ages between 20 and 60, and encompassing diverse income brackets.

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Source: Forex-Markets-Economic Times