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- Recent studies showed that 38% of Spaniards between the ages of 25 and 40 have huge plans to invest in cryptocurrencies in the nearest future months
- Investing in digital assets is the most popular investment option among residents aged 25 to 40, with over one-fifth saying they had already put money into it. Pension funds and deposits came in second with 19 percent
- The crypto sector does not just only have the support of Young Spaniards, but a lot more of the populations are in their favor, across the country
Recent studies showed that 38% of Spaniards between the ages of 25 and 40 have huge plans to invest in cryptocurrencies in the nearest future months. Furthermore, 21% of the participants had already invested in bitcoin or other cryptocurrencies. A poll was conducted by the Neobank rebellion of Spain, wherein they performed it after seeing such a huge interest of the younger generations interest in investing and trading in crypto, which is considered to be filled with risks and uncertainties. But the research and poll results showed that more than one-third of them agreed to invest in this market in the future days to come.
Investing in digital assets is the most popular investment option among residents aged 25 to 40, with over one-fifth saying they had already put money into it. Pension funds and deposits came in second with 19 percent. The poll also highlighted the most compelling reasons for young people to embrace cryptocurrency. 27 percent of those polled think it’s an excellent investment, while another 27 percent think bitcoin and altcoins are the future of payments and the money market. Still, there is room for growth in this area, since 17% of respondents said they have no understanding of cryptocurrency.
Sergio Cerro, the Rebellion CEO, believes that digital assets will be a major element to consider in the future. He emphasized that now is the moment for businesses like his to embrace the asset class that the world of payments is changing drastically, and now is the time to determine whether we want to be a part of it or not. It will only be a matter of time before big institutions and organizations accept them as payment. The crypto sector does not just only have the support of Young Spaniards, but a lot more of the populations are in their favor, across the country.
According to another research like the rebellion research, 25% of Spanish firms have had some experience with blockchain technology. While the number of active users was only 11% at the end of 2019, it was still a considerable increase from the 1% at the end of 2019. Furthermore, 46% of major firms in Spain are in favor of integrating distributed ledger technology in the future to improve their security.
Although the usage of blockchain technologies is gaining traction in the Spanish sector, according to Jess Rodrguez, CEO of the technology firm REALSEC, there is still room for improvement, by adopting new business models based on digital innovation is a requirement of the modern economy. In this context, blockchain has come to be viewed as a cost-effective technology that helps to reduce risks and expenses, as well as one of the key technical methods for incorporating a significant number of firms by 2020.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
