Vietnamese are increasingly investing in Bitcoin on the recommendation of friends

Vietnamese authorities urge citizens not to be influenced by the media and social networks and not to invest in digital currencies.

In parallel, the country’s government is developing legislation for the cryptosphere in order to control the development of the industry.

The companies Kyros Ventures and Coin68 conducted a survey in Vietnam and found that about 75% of the country's residents who had already purchased digital assets made such investments, succumbing to the influence of friends and relatives.

The study involved 3,300 people representing different age and social categories.

Information from the media and social networks have become the factors that have had the greatest influence on the minds of the Vietnamese. Many of them not only believed that cryptocurrencies were forming a new financial system, but could also bring good income to investors.

70% of respondents believe that the market is entering a bullish phase. Approximately the same number of respondents spoke in favor of the speedy development of a regulatory framework for digital assets.

90% of crypto investors in Vietnam purchased tokens in the DeFi decentralized finance market.

70% of them use GameFi apps and buy tokenized collections (NFTs).