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Crypto exchange and trading platform KuCoin did a survey to find out the interest of people in Germany towards investing in crypto
Recently a report ‘Into the Cryptoverse 2022’ was released by prominent cryptocurrency exchange KuCoin. The report reveals that almost half of the population in Germany is motivated by cryptocurrency investing. As per the report detailed, out of the total participants in the survey, 44% of Germans seem motivated to be a part of the financial future by investing in cryptocurrencies; interestingly, more of them were women.
More to the report, out of those people who agreed to invest in crypto, approximately 35% thought of doing so for the passive income earning opportunity, and 30% considered digital assets to be a trustworthy and reliable store of value. While some of them also hoped and treated it as a medium that could help achieve financial independence.
Apart from the survey, the actual data shows that around 16% of the population in Germany aged between 18 to 60 years have invested in crypto already or at least have been trading crypto for the last six months. Among those interested in cryptocurrencies, approx 77% are doing research hoping to find potential assets for investment. Some 31% are planning to start cryptocurrency lending out of the same group.
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Further, the data also indicated that the female population’s interest in digital assets is growing. It could be seen from the fact that out of total interested people, over 53% of them were women who are curious about crypto investment, while 69% of crypto inventors were men.
Mostly the crypto space is seen to be composed of men, while the women population is gradually increasing their interest in crypto investment as they hit more mainstream. As per several reports, approximately one-third of women in America have plans to invest in digital assets by the end of this year, where 60% have said their intention to purchase crypto in the next three months.
In a recent interview, the CEO of KuCoin, Johnny Lyu, said that the report highlights the growing demand for cryptocurrencies among the people in Germany. Even though the Government in the country has not established a regulatory framework yet, for the decentralized sector, Lyu said that the German Government was among the first ones who recognize bitcoin as a financial instrument; however, they had got only minor success in crypto regulation.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
