Vietnam’s booming crypto market

[Viet]

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Vietnam is currently ranked first in the world in crypto adoption, with up to 19% of its population between the ages of 18 and 64 using digital assets.

That’s according to an Aug. 30 report authored by Vietnamese venture capital firms Kyros Ventures and Coin 68, together with Animoca Brands. Currently, the Southeast Asian country is the home to around 200 blockchain projects and is expected to generate $109.4 million in revenue from crypto exchanges this year. The country’s crypto users are forecast to grow to 12.37 million by 2027.

Among the highlights, 76% of Vietnamese crypto users say that they invest in digital assets based on advice from friends, a number 2.5 times higher than individuals surveyed in the U.S. Nearly 70% of respondents said the crypto bear market would last less than one year or has already ended. Almost half of respondents say that centralized exchanges offer just as much utility as decentralized ones, but 90% of crypto owners use decentralized exchanges.

Vietnamese investor perspectives on the ongoing crypto winter (Kyros Ventures)

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cointelegraph.com

 

[Skull and Bones]

It’s a disaster waiting to happen.

 

[Menthol]

It’s a disaster waiting to happen.

Yup, that's true.

Crypto doesn't have a real value.

It's just hype.

And big money doesn't want to invest in crypto anymore, so don't expect the price to be going to the roof.

If it does, it's because of pump and dump practice.

If you are a trader or using bot to trade, don't expect the exchange is going to let you go if you win big.

Your lost is exchange profit.