Many Young Germans Want To Invest In Cryptocurrency
Two states in Germany, Hesse and Saxony, recently conducted a joint survey of over 1,000 citizens as regards their feelings toward Bitcoin which boils down to if they want to invest in cryptocurrency.
The findings of the survey shows that younger people were more receptive to the idea of Bitcoin and other cryptocurrencies, with 28% of people aged 18 to 29 saying that purchasing them is “conceivable.”
The survey never targeted a specific group of people. They however also made known via the survey that crypto investing is risky. People aged 30 to 39 considered cryptocurrency investment “dangerous” more than 50% of the time.
Thomas Schouten, Lisk head of marketing said of the survey:
“A survey conducted by the German Consumer Centre shows a growing interest in crypto, with more than a quarter of young Germans saying they are willing to invest in cryptocurrency. This positive sentiment is evidence that global leaders and innovators of the future are aware of the potential the space has to offer. It is not surprising that a demographic whose lives have been characterised by smartphones, internet, and social media, see the attractive functionality cryptocurrency provides as an instant and decentralised means of transferring value.
Again, however, the survey highlights continued ambiguity in public perception of cryptocurrency and the utility of blockchain technology. Older demographics continue to perceive crypto investment as too “risky”, with just over 50 percent of people aged 30 to 39 adverse to any investment. Meanwhile, profitability is still a driving incentive for young people looking to become involved in cryptocurrency, as cited by about a quarter of those interested in investing. I think it’s clear we, as a community, need to work harder to educate people of the massive potential blockchain technology offers – cryptocurrency in itself is only the tip of the iceberg”