Wealthy and Highly Educated Investors Are Buying Two Altcoins Over Bitcoin, According to Bank for International Settlements


The Bank for International Settlements (BIS) says wealthy and educated investors prefer buying two large cap altcoins over Bitcoin (BTC).

In a new report, the central bank-owned global financial firm examines investor activity in the crypto space, broken down by education and income levels.

“Among the various cryptocurrencies, those who own XRP and Ether are the most educated, while those who own Litecoin (LTC) are the least educated, with Bitcoin owners ranking in the middle. Owners of cryptocurrencies have an above-average household income, with owners of XRP, Ether and Stellar (XLM) being the richest. “

Only XRP and ETH owners outperform Bitcoin owners in terms of both income and education. In terms of education, the owners of XRP, ETH, and Bitcoin Cash (BCH) rank ahead of Bitcoin investors. In terms of income, holders of ETH, XRP, LTC, XLM, and EOS are superior to Bitcoin holders.

The report says that Bitcoin is the most widely used cryptocurrency, followed by ETH and LTC. In terms of recognition, BCH ranks second behind the king crypto asset.

Based on these results, the BIS offers an interesting outlook on crypto, in line with the trends observed among cryptocurrency holders.

“As knowledge of cryptocurrencies becomes ubiquitous, ownership remains limited to a niche population. In 2014, only about 40% of US citizens knew at least one cryptocurrency (mostly Bitcoin). This proportion rose to almost 70% in 2019.

If the trend continues, in a year or two the entire US population will recognize at least one cryptocurrency. The acceptance and use of cryptocurrencies is still not high. Only 1.4% of the US population owned at least one cryptocurrency in 2019. “

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