Crypto popularity in Germany

Crypto popularity in Germany

Three Germans out of ten are thinking about investing into cryptocurrency.

One-third of all German citizens are interested in cryptocurrency as an investment tool. The survey was held among 3100 Germans from February to March 2018.

The people, who were surveyed, said that for them the main idea of such an investment is to become more independent from the established financial system. In addition, around half of the Germans noted that the possibility of high returns on such an investment also attracts them, as well as anonymity.

The most crypto-savvy group in Germany are of age 18-34. Six percent of those have already invested into crypto and about 14 percent are planning to do so in the upcoming year fiscal year.

In according to Dr.Mangel, Head of Postbank’s Digital Department, the recent sharp price declines have not affected the willingness of people to start investing into crypto. Mangel has an opinion that people lack the constructive knowledge about the technology and risks that should be taken into consideration with the volatile financial instruments. Despite that, he also notes that opportunities and freedom that cryptocurrency brings is an optimistic factor for all the investors.

Sources:

https://cointelegraph.com/news/survey-three-out-of-ten-germans-are-considering-crypto-investing

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