Kyros Ventures and BingX have teamed up to release their 2024 report on Vietnam’s cryptocurrency market. This is the fifth year of this in-depth look at how Vietnamese investors are doing in the crypto world.
Key Findings: A Bullish Market
The report paints a very positive picture of Vietnam’s crypto scene. With Bitcoin hitting over $100,000 in December 2024 and more institutional investment, the global crypto market exploded. Vietnam mirrored this growth, with over half of surveyed investors reporting profits.
Investor Sentiment: The report shows strong optimism:
- 93.5% of investors expect a surge in altcoin prices in 2025.
- 39% predict Bitcoin will top $120,000 by mid-2025.
- A growing number of investors (80%) now rely on friends and family for crypto advice.
Vietnam’s Crypto Ecosystem: A Growing Force
The report also includes a “Vietnam Blockchain and Cryptocurrency Map,” highlighting the country’s booming blockchain companies and projects.
Regulation on the Horizon
Vietnam’s Ministry of Finance is working on a legal framework for digital assets, expected to be finished by May 2025. This could be a huge boost for the country’s crypto industry.
What the Experts Say
Alex Nguyen from BingX highlighted the report’s importance in showing the ambition of Vietnamese investors. Jenny Nguyen from Kyros Ventures expressed excitement about the potential for growth with clearer regulations.
About Kyros Ventures and BingX
Kyros Ventures: A leading Vietnamese blockchain incubator, built on the foundation of Coin68, a major crypto news outlet.
BingX: A global cryptocurrency exchange with over 10 million users worldwide, offering various trading services. In 2024, BingX became the main sponsor of Chelsea Football Club.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies./p>
