Cryptocurrency on Track to Achieve Mainstream Asset Status within Five Years, 50% of Respondents Confident … – CXOToday.com
Indians Embracing Crypto for Long-term Wealth Goals
Key Findings
80% of survey participants were young adults (20-35 years old)
Around 63.06% of people aged 20-35 have chosen to invest in crypto assets, showing a strong interest among younger demographics.
Approximately 58.5% of investors have diversified into both equities and crypto, while 50% foresee cryptocurrency becoming a mainstream asset class within 5 years
45% of respondents have cryptocurrencies in their retirement portfolios
Tier-1 cities lead in crypto adoption, with Delhi-NCR holding pole position, followed by Bengaluru, Mumbai, Hyderabad, Chennai, Kolkata, Pune, Lucknow, and Ahmedabad
16th April 2024, Bengaluru: Highlighting the dramatic shift of the investment landscape of India, Mudrex, a Y-Combinator-backed global crypto investment platform revealed the results of its survey titled Investment Trends in FY 2023-24: The Indian Crypto Renaissance, which engaged with 8,976 participants across the nation. The survey results paint an optimistic picture of cryptos mainstream acceptance, with 50% of respondents envisioning cryptocurrencies as a mainstream asset class within the next five years. This surge is indicative of evolving investment preferences and changing attitudes toward digital assets. The data suggests a broader shift in the financial landscape and how different groups of investors perceive crypto as part of their portfolios.
The survey also highlights a burgeoning trend of integrating cryptocurrencies into long-term financial planning, with 45% of users including cryptocurrencies in their retirement plans, implying a growing acceptance of cryptocurrencies as a legitimate asset class for long-term wealth accumulation. This trend could reflect a belief that cryptocurrencies offer opportunities for substantial returns over the long term or a desire for portfolio diversification beyond traditional assets like stocks and bonds.
Cryptocurrencys accessibility across all income brackets is evident. The survey found a minimal gap among high-income, mid-income, and low-income crypto investors. Notably, even individuals earning less than INR 5 lakh annually are engaging in crypto investments, highlighting the increasing accessibility and adoption of cryptocurrency across an income bracket of 5 to 50 lakhs.
Additionally, the survey reveals that a staggering 80% of participants belong to the young adult demographic, aged between 20 and 35 years old, indicating a growing interest among the youth in cryptocurrency investments. This generational preference underscores a higher openness to innovative financial technologies and alternative investment avenues among younger investors. In contrast, as the age groups advance, the interest in crypto investments slightly diminishes, suggesting a more cautious approach from older investors. With most respondents hailing from the startup scene, it can be attributed to the startup ecosystems familiarity with risk-taking and advanced technology, making them more inclined to embrace emerging financial technologies. Additionally, people employed in startups exhibit the highest inclination towards crypto investments, leading with 56.91% of the share reflecting a culture of innovation and risk-taking prevalent in these sectors.
The data suggests that investors are not solely focusing on crypto; about 58.5% of respondents have investments in both equities (stocks and mutual funds) and crypto. This demonstrates an understanding of diversification and the role crypto plays as an alternative asset class within a balanced portfolio. Approximately 70% of respondents make their financial decisions independently, reflecting growing financial awareness and knowledge among the crypto-savvy population.
Commenting on the survey findings, Mr Edul Patel, CEO of Mudrex, a Global Crypto Investment Platform, stated, The insights from the survey highlight a transformative period in the financial landscape of India. The increasing adoption of crypto across various demographics and income levels, paired with a shift towards diversified portfolios, marks a significant change in how Indians perceive and utilise digital assets. As these trends continue to evolve, the financial landscape in India is poised to adapt to new opportunities and challenges in the world of crypto investments.
The survey was conducted over a period of 6 months June 2023 January 2024. According to the survey, Tier-1 cities, led by Delhi-NCR, (25%) emerge as hotspots for crypto adoption, followed by Bengaluru (16%) and Mumbai (9%), fueled by factors like robust digital infrastructure and evolving investment preferences.
About Mudrex
Launched in 2018, Mudrex has the vision of making crypto accessible to the masses so that ordinary investors can benefit from the massive wave of wealth creation. Founded by Edul Patel, Alankar Saxena, Rohit Goyal, Prince Arora the Y-Combinator backed enterprise has established a robust investing platform that can be used by both newcomers and seasoned investors. The US-headquartered and Bengaluru-based fintech startup aims to be the largest asset management platform for crypto.
The rest is here:
- Will Congress Finally Start Regulating the Cryptocurrency Marketplace? - Morningstar - July 10th, 2025 [July 10th, 2025]
- This Formerly High-Flying Cryptocurrency Has the Potential to Become the New Bitcoin, According to Tom Lee of Fundstrat - Yahoo Finance - July 10th, 2025 [July 10th, 2025]
- Genius Act: this new US cryptocurrency law could pave the way for the next global financial crisis - The Conversation - July 10th, 2025 [July 10th, 2025]
- LET Mining: The application of cryptocurrency will make your travel more convenient, let cloud mining pay for you - GlobeNewswire - July 10th, 2025 [July 10th, 2025]
- Bitcoin: A beginner's guide to the hype and the reality of the cryptocurrency - Grice Connect - July 10th, 2025 [July 10th, 2025]
- Bitcoin: An On-Chain Analysis Of Ownership And Behavior (Cryptocurrency:BTC-USD) - Seeking Alpha - July 10th, 2025 [July 10th, 2025]
- Cryptocurrency Today: Why BAY Miner Is Redefining the Future of Digital Mining - GlobeNewswire - July 10th, 2025 [July 10th, 2025]
- Promising Cryptocurrency Stocks To Watch Now - July 9th - MarketBeat - July 10th, 2025 [July 10th, 2025]
- BTC Miner Simplifies Cloud Mining for Stable Passive Income in Growing Cryptocurrency Market - WRAL.com - July 10th, 2025 [July 10th, 2025]
- Cryptocurrency Community Faces Renewed Hacking Threats Targeting Mt Gox Bitcoin - AInvest - July 10th, 2025 [July 10th, 2025]
- Cryptocurrency Market Shifts Unveiled Through Bitcoin, Ethereum, and Shiba Inu Movements - OneSafe - July 10th, 2025 [July 10th, 2025]
- Bitcoin briefly flirts with record high in risk-on day (BTC-USD:Cryptocurrency) - Seeking Alpha - July 10th, 2025 [July 10th, 2025]
- Bonk.fun: The Memecoin Revolution and Its Impact on Cryptocurrency Payments - OneSafe - July 10th, 2025 [July 10th, 2025]
- Crypto Fitz Warns of Rising Cryptocurrency Scams - NBC Palm Springs - July 10th, 2025 [July 10th, 2025]
- Peanut cryptocurrency sharply increased in price what does Elon Musk have to do with it - 112.ua - July 10th, 2025 [July 10th, 2025]
- The Legal Landscape of Cryptocurrency: Insights on XRPs Role in the Future of Finance - Lawyer Monthly - July 10th, 2025 [July 10th, 2025]
- Cryptocurrency Legislation Gains Momentum in Hill Negotiations - The Daily Signal - July 10th, 2025 [July 10th, 2025]
- US Education Policy Update: Analyzing the Impact on Cryptocurrency and Financial Markets - Blockchain News - July 8th, 2025 [July 8th, 2025]
- A major shift in U.S. cryptocurrency regulation is underway! The SEC's new rules pave the way for simplified approval, and the listing time for meme... - July 8th, 2025 [July 8th, 2025]
- Top Cryptocurrency Stocks To Add to Your Watchlist - July 7th - MarketBeat - July 8th, 2025 [July 8th, 2025]
- Cryptocurrency News Live: Bitcoin, Ethereum, Solana, other coins price updates; check trading, m-cap - Moneycontrol - July 8th, 2025 [July 8th, 2025]
- Leading Cryptocurrency Mining Platform RICH Miner Announces the Official Launch of Sustainable Free Green Energy Cloud Mining Mobile App - The Globe... - July 8th, 2025 [July 8th, 2025]
- The Future of Cryptocurrency Investing: Why Quid Miner GreenMine 2.0 Cloud Mining Is So Important - GlobeNewswire - July 8th, 2025 [July 8th, 2025]
- 1 Top Cryptocurrency to Buy Before It Soars 471%, According to Wall Street Analyst Geoff Kendrick - Yahoo Finance - July 6th, 2025 [July 6th, 2025]
- 1 Top Cryptocurrency to Buy Before It Soars 471%, According to Wall Street Analyst Geoff Kendrick - The Motley Fool - July 6th, 2025 [July 6th, 2025]
- Cryptocurrency Stocks To Research - July 5th - MarketBeat - July 6th, 2025 [July 6th, 2025]
- Little-known cryptocurrency detail that could impact millions: 'Lost forever' - Yahoo - July 6th, 2025 [July 6th, 2025]
- Cryptocurrency Funding Surges 7% Year-Over-Year to $10.3 Billion in 2025 - AInvest - July 6th, 2025 [July 6th, 2025]
- Cryptocurrency's Crossroads: Scams, Regulation, and the Path to Institutional Trust - AInvest - July 6th, 2025 [July 6th, 2025]
- Cryptocurrency Mining Hardware Market Report 2025: Supportive Policies, Including Tax Incentives and Land Allocation for Crypto Data Centers, are... - July 6th, 2025 [July 6th, 2025]
- Cryptocurrency: Top 5 tokens with massive upside to invest in today - Latest news from Azerbaijan - July 6th, 2025 [July 6th, 2025]
- What Is The Best Cryptocurrency To Invest In As Bloomberg Analysts See 95% Chance of Solana, Litecoin, XRP ETF Approvals This Year - MSN - July 6th, 2025 [July 6th, 2025]
- Perma Bull and Wall Street Strategist Tom Lee Is Betting $250 Million On This Cryptocurrency (Hint: Not Bitcoin) - Yahoo Finance - July 4th, 2025 [July 4th, 2025]
- The Unfolding Drama of Fed Rate Cuts and Cryptocurrency - OneSafe - July 4th, 2025 [July 4th, 2025]
- NIP Group ventures into cryptocurrency mining with major acquisition - Esports Insider - July 4th, 2025 [July 4th, 2025]
- USD1, the Cryptocurrency Behind the Trump Family's Wealth Surge - MSN - July 4th, 2025 [July 4th, 2025]
- Which Cryptocurrency Will Boom in the Second Half of 2025? - The Motley Fool - July 4th, 2025 [July 4th, 2025]
- Cryptocurrency Stocks To Watch Today - July 2nd - MarketBeat - July 4th, 2025 [July 4th, 2025]
- 3 Concerns Investors Have if the Cryptocurrency-Focused Genius Act Becomes Law - The Motley Fool - July 4th, 2025 [July 4th, 2025]
- Perma Bull and Wall Street Strategist Tom Lee Is Betting $250 Million On This Cryptocurrency (Hint: Not Bitcoin) - The Motley Fool - July 4th, 2025 [July 4th, 2025]
- Which cryptocurrency will boom in the second half of 2025? - USA Today - July 2nd, 2025 [July 2nd, 2025]
- Cryptocurrency Live News & Updates : Exploring Cookie DAO's AI and DeFi Innovations - The Economic Times - July 2nd, 2025 [July 2nd, 2025]
- Changes coming to cryptocurrency in Pennsylvania - ABC27 - July 2nd, 2025 [July 2nd, 2025]
- Here's how much cryptocurrency you can add to your portfolio before the risks become too high - Equities.com - July 2nd, 2025 [July 2nd, 2025]
- Cryptocurrency market today: Bitcoin holds near $107k amid tariff caution, Altcoins see mixed moves - Times of India - July 2nd, 2025 [July 2nd, 2025]
- The real time to make money in the cryptocurrency market is only 5% - Binance - July 2nd, 2025 [July 2nd, 2025]
- Cryptocurrency Airdrops Offer Real-World Benefits July 2025 - AInvest - July 2nd, 2025 [July 2nd, 2025]
- Understanding Market Factors That Drive the Value of Cryptocurrency - STLtoday.com - July 2nd, 2025 [July 2nd, 2025]
- New laws in D.C., Maryland, Virginia crack down on street takeovers, cryptocurrency ATMs - Washington Times - July 2nd, 2025 [July 2nd, 2025]
- Spanish Authorities Arrest Five in $542 Million Cryptocurrency Fraud - AInvest - July 2nd, 2025 [July 2nd, 2025]
- Fuel Network Featured on Binance Alpha - Cryptocurrency News - Altcoin Buzz - July 2nd, 2025 [July 2nd, 2025]
- Three Major Impacts of the Genius Act on the Cryptocurrency Industry in the Next Five Years - Binance - July 2nd, 2025 [July 2nd, 2025]
- North Korean agents steal nearly $1 million in cryptocurrency from Buckhead business: FBI - WSB-TV - July 2nd, 2025 [July 2nd, 2025]
- Cryptocurrency News Live: Bitcoin price today; Ethereum, Solana, Doge, memecoin updates - Moneycontrol - July 2nd, 2025 [July 2nd, 2025]
- Earn Millions of Cryptocurrency with Ease and Stability BTC Miner Helps You Overcome XRP Market Volatility - GlobeNewswire - June 29th, 2025 [June 29th, 2025]
- Pi Network Cryptocurrency Investors Pivot to Bitcoin Solaris: The Last Chance to Buy the Next Bitcoin Under $10 - CoinCentral - June 29th, 2025 [June 29th, 2025]
- Is the Cryptocurrency Era About to Begin? Blockchain Expert Mr. Brijmohan Singh Explores the Future of Digital Finance - ACCESS Newswire - June 29th, 2025 [June 29th, 2025]
- The Institutional Embrace of Cryptocurrency Redefines Investment Realities - OneSafe - June 29th, 2025 [June 29th, 2025]
- Cryptocurrency Live News & Updates : Enhanced Whistleblower Protection Through Decoy Messaging - The Economic Times - June 29th, 2025 [June 29th, 2025]
- 2025 Q3 Cryptocurrency Weather Vane Changes Drastically! These Two Potential Coins Strongly Enter the List, What Is Grayscale Up To? - Binance - June 29th, 2025 [June 29th, 2025]
- What it means that FHFA has ordered Fannie and Freddie to count cryptocurrency for home loans - Sherwood News - June 29th, 2025 [June 29th, 2025]
- [Major Economic & Cryptocurrency Events This Week] US June Non-Farm Payroll Data and More - bloomingbit - June 29th, 2025 [June 29th, 2025]
- New Era for Cryptocurrency Investment with REX Shares and Osprey Funds SOL Staking ETF - OneSafe - June 29th, 2025 [June 29th, 2025]
- 1 Top Cryptocurrency to Buy Before It Soars 2,200%, According to Cathie Wood - Yahoo Finance - June 28th, 2025 [June 28th, 2025]
- Opinion: This cryptocurrency is bitcoins biggest challenger yet and it just might take over your wallet - MarketWatch - June 28th, 2025 [June 28th, 2025]
- 3 Ways the Genius Act Could Affect the Cryptocurrency Sector Over the Next 5 Years - The Motley Fool - June 28th, 2025 [June 28th, 2025]
- This 1 Cryptocurrency Could Soar 20,000% Over the Next 21 Years, According to Michael Saylor of Strategy (MicroStrategy) - The Motley Fool - June 28th, 2025 [June 28th, 2025]
- This 1 Cryptocurrency Could Soar 20,000% Over the Next 21 Years, According to Michael Saylor of Strategy (MicroStrategy) - Yahoo Finance - June 28th, 2025 [June 28th, 2025]
- Crypto Banking: How Cryptocurrency and Tokenization are Changing Investment - OneSafe - June 28th, 2025 [June 28th, 2025]
- What to know before investing in cryptocurrency - WLWT - June 28th, 2025 [June 28th, 2025]
- How much faith do people have in cryptocurrency and NFTs? - Kilgore News Herald - June 28th, 2025 [June 28th, 2025]
- FATF Demands Urgent Reforms in Cryptocurrency Regulation Following North Korean Hack - OneSafe - June 28th, 2025 [June 28th, 2025]
- Cryptocurrency Midday Observation: Stalemate Between Bulls and Bears, Time for High Selling and Low Buying Family, today let's chat about the... - June 28th, 2025 [June 28th, 2025]
- DeepSeek's Data Practices and the Future of Cryptocurrency in Banking - OneSafe - June 28th, 2025 [June 28th, 2025]
- The U.S. Senate Just Passed a Landmark Cryptocurrency Regulation Bill. Here's What Investors Need to Know. - The Motley Fool - June 28th, 2025 [June 28th, 2025]
- 2 Tech Stocks With More Potential Than Any Cryptocurrency - The Motley Fool - June 28th, 2025 [June 28th, 2025]
- News Explorer Cryptocurrency Enables Sanctioned States to Finance Illicit Weapons Programs, As Highlighted in the FATF Report - Decrypt - June 28th, 2025 [June 28th, 2025]
- XRP Has Crushed Bitcoin Since Donald Trump's Election Win. Is the World's Largest Cryptocurrency About to Stage an Epic Comeback This Year? - The... - June 28th, 2025 [June 28th, 2025]
- Missed Out on the Circle IPO? This Cryptocurrency Investment Might Be the Real Winner in the Long Run (Hint: It's Not Robinhood or Bitcoin). - The... - June 28th, 2025 [June 28th, 2025]
- 1 Top Cryptocurrency to Buy Before It Soars 2,200%, According to Cathie Wood - The Motley Fool - June 28th, 2025 [June 28th, 2025]