Forex in this article
Cryptorum has an age problem
Factor influencing investment behavior: household income level
More than four times as many men as women have invested in crypto
The Opinion Research Institute Forsa conducted a telephone survey of cryptocurrencies among 1,004 representative selected German-speaking persons aged 18 and over in private households for the crypto site BTC-ECHO. It emerged in the study on Bitcoin & Co.
Crypto investments age dependent
As reported by BTC-ECHO, the Forsa study confirmed the age problem in the German cryptorum, which was already widely known in advance. The survey showed that only two percent of those over 60 are already invested in cryptocurrencies. Only three percent of this age group can imagine an investment in cryptocurrencies like Bitcoin & Co. In the age group of 30 to 39 years, on the other hand, about 17 percent said they had already invested in crypto.
Investment dependent on income
According to the study, another factor influencing investment behavior in the crypto market is the income level of households. According to BTC-ECHO, the higher the household’s net income, the more likely it is that cryptocurrencies have already been invested. However, it has also been shown that the net income of the household seems to be less important for those who can basically imagine investing in crypto. Almost as many respondents with a net income of less than € 1,500 as those with a net income of between € 1,500 and € 3,000 could imagine investing in cryptocurrencies. Meanwhile, 17 percent of respondents with a net household income of over 3,000 euros could imagine investing in Bitcoin and Co.
Gender distribution & general acceptance
According to BTC-ECHO, 491 men and 513 women were among those surveyed. In terms of gender distribution, the study revealed that 13 percent of men are already invested in crypto, while the figure for women is just three percent. But almost as many women as men could imagine investing in cryptocurrencies in the future – 14 percent of women said this, and 16 percent of men.
In general, the study according to BTC-ECHO showed that the Germans were still quite shy about crypto investments. Just over three-quarters of respondents stated that investing in Bitcoin and Co. was excluded for them. According to the survey, 15 percent can imagine investing in cryptocurrencies – but have not yet invested – and just eight percent of respondents already have cryptocurrencies in their portfolio. About 1 percent of respondents said they did not know it. 228 people were basically interested in cryptocurrencies, while 776 of the respondents were neither invested in cryptocurrencies nor interested in them.
Regarding a Bitcoin ban in the EU, which has been much discussed in recent times, BTC-ECHO says that roughly the same number of women and men are more in favor of a ban. 28 percent of women said they were more likely to oppose a ban, and 22 percent said they did not know. Meanwhile, only 10 percent of men chose the answer “do not know”, and 42 percent of men were more likely to oppose a ban.
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