Crypto At a glance 1 In 3 Germans See Cryptos As Investment

Crypto At a glance 1 In 3 Germans See Cryptos As Investment

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Crypto At a glance 1 In 3 Germans See Cryptos As Investment

Crypto At a glance 1 In 3 Germans See Cryptos As Investment

German retail bank Postbank said a recent survey shows a total of 29 percent of German citizens see digital currencies as an interesting investment, despite the price declines and continuing volatility. This was revealed in a survey conducted on 3100 Germans for the Postbank Digital Study 2018 - The Digital German and the Money.

 

One in two of the younger generation, between the ages of 18 to 34, are interested in cryptocurrency investment. This accounts for 46% of the total surveyed individuals. Furthermore, 14% of these people want to buy or mine cryptocurrencies in the next year.

However, despite immense interest in the crypto sector, this demographic only makes up 8% of the total population. Dr. Thomas Mangel, Postbank Chief Digital Officer, said that youngsters shouldn’t concentrate completely on cryptocurrencies since this “type of investment is highly speculative”.

Apart from age, the study also focused on gender by observing three different factors. Firstly, 60% of women consider the “independence of established financial systems” more important than 51% of men. Secondly, higher returns from cryptocurrency investment attract 56% men as compared to 36% women. Lastly, 39% of men are in favor of the anonymity provided by digital currencies, while only 26% of women think it is important.

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