Nearly 76% of individuals surveyed said they invested in crypto based on advice from friends.
Over three-quarters of Vietnamese crypto holders make investment decisions through friends' referrals.by Vietnamese venture capital firms Kyros Ventures and Coin68, alongside Animoca Brands. In the 3,300-participant survey, 75.5% of participants admitted being"influenced by recommendations or referrals" regarding crypto investing. The amount is 2.5 times higher than reported in the U.S.
The H1 2023 Vietnam Crypto Market Report also found that 70% of respondents believed the bear market was already over or nearing its end. Meanwhile, 75% of respondents desired more regulatory intervention in the crypto sector.and second in decentralized finance , with over 19% of adults owning digital assets. Despite this, only nine Vietnamese educational institutions provide blockchain courses, and only eight blockchain infrastructure projects are present within the Southeast Asian country.
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