BIS reports that highly educated people have invested in other two coins alongside of Bitcoin. Ethereum and Ripple’s owner are highly educated.
BIS was established in 1930. It is based in Switzerland and it works for the monetary Authorities and central banks activities whether they are working perfectly or not at local ground level & international level.
Bank for International Settlements (BIS) published a report on 1July regarding the educated and less educated people’s interest in Cryptocurrency Investment.
And also they reported about the education level of founders of multiple coins where they figured out, XRP and Ethereum owners are highly educated than any other founder of any coin.
Monetary & Economic Authority of BIS published a report based on the BIS working paper page no. 951 which has the title Distrust or speculation? ( written by Dr. Raphael Auer, Principal Economist in BIS, and David Tercero-Lucas, a PhD candidate in Applied Economics).
And they reported about the education level of cryptocurrency owners in the existing Cryptocurrency world.
The paper’s point are based on specially three points, these are
- Analysis on Cryptocurrency that are deviating people’s trust over bank and traditional financial infrastructure.
- Investment analysis by retail traders based on U.S users from the point of education.
- Evolution of investment volume of people from time to time.
The two important results coming out from the report.
First one is, the people who have higher educational qualifications have better knowledge in the Cryptocurrency market and they are Investing more in Cryptocurrency in comparison with others.
Second result of the full analysis says, Owner of Ether and XRP coins are more educated than any other owner of digital currencies.
Owners of XRP and Ethereum are dollows by Bitcoin cash and bitcoin users.
And the owner of Litecoin are less educated
Dr. Auer shared this analysis through a tweet as we can see below.