30% of Germans Are Interested In Investing in Bitcoin (BTC) and other Cryptocurrencies
According to a recent survey by Germany’s retail bank, Postbank, 29% of Germans believe that cryptocurrencies are a desirable investment opportunity. According to the report, Bitcoin (BTC), Ethereum (ETH) and other major cryptocurrencies, were still the favorite choice investments for the surveyed group of participants.
The cryptocurrency markets have recently been plagued with volatility but this has not swayed the said percentage 3,100 Germans who were interviewed. This group was interviewed between the end of February and the end of March this year.
The age group of individuals between 18 and 34 years, was the most interested in the crypto industry. Their number accounted to 46% of the 3,100 Germans surveyed. Of this number, 14% were noted as having intentions of buying cryptocurrencies and/or mining them in the next 12 months.
The same report, was quick to caution the aforementioned possible young investors about the high volatility of cryptocurrencies. They were advised to also consider the traditional banking and investing systems.
In addition to age groups, the survey also focused on gender and found that the higher returns of cryptocurrency investment attracted 56% of the men surveyed compared to only 36% of the women in the sample group. With respect to the anonymity offered by cryptocurrencies, 39% of men were in favor of the idea compared to 26% of the women surveyed.
Although the responses of 3,100 individuals cannot clearly depict the views of an entire country, the sample set can provide some clue as to what direction cryptocurrency investment is heading. One clear giveaway is that the young adults of the ages of 18 to 34, are the most likely to embrace new technologies.
The countries of Japan and South Korea had also conducted their own surveys earlier on in the year.
In the case of Japan, a similar age group of 20 to 40 year olds were found as being most likely to owning and trading cryptocurrencies. The total number of crypto HODLers and traders in the country was also estimated as being 3.5 Million.
A similar survey in South Korea, yielded a similar age group as being interested in cryptocurrency investing.
These two additional surveys prove that the younger, tech savvy individuals are most likely to invest and trade in cryptocurrencies compared older age groups.