Postbank Survey: 1 in 3 Germans Are Interested to Invest in Cryptocurrencies

by | May 31, 2018 | Cryptocurrency, Cryptocurrency News

German Investment | Post Bank Survey | Investment in cryptocurrencies | 1 in 3 germans

Cryptocurrency investments around the world are on a rise like never before. Despite stringent regulations and even bans on digital currencies in several nations, nothing stops people from taking the leap of faith when it comes to investing in cryptocurrencies. To vouch for this fact, many survey websites analyze nation-wise or age group wise about the number of people who would readily invest in cryptocurrencies.

Now a new survey by Postbank has found that one in three Germans would consider cryptocurrencies such as Bitcoin as an investment option. German bank Postbank reached this conclusion after a review of 3,100 Germans, which was led from the ending of February to the ending of March 2018.

 

At the point when asked about for what good reason are they keen on crypto, 60 percent of ladies and 51 percent of men referred to it as “independence from established financial systems” as an essential factor.

The likelihood of it being profitable, then again, particularly draws in men: 56 percent against 36 percent of ladies. For each third potential cryptocurrency investor, anonymity is also critical.

Notably, it revealed that interest among younger generations – 18 to 34 – was especially evident, with 46 percent interested in cryptocurrencies regardless of negative reports.

Dr. Thomas Mangel, Head of Postbank’s Digital Department, has said in an official statement that the sharp price decreases in recent months had obviously not affected the fame of cryptocurrencies. He trusts that the purpose behind this is an absence of learning about circumstances and dangers of cryptocurrencies as an investment.

Dr. Thomas Mangel cautions,

“Despite all the fascination, young investors should not lose sight of offers from the established banking system. Anyone who already makes an investment in securities as an investment should certainly not invest in cryptocurrencies because of the high risks involved. Because this type of investment is highly speculative.”

Interestingly, with media reports increasingly reporting on cryptocurrencies and the blockchain, with many central banks adding their opinions, Germans have concluded that they have a good level of knowledge on the industry due to what they have read. So much so, that 20 percent have deemed that they have a sound level of knowledge, whereas 18- to 34-year-olds have pegged that number at 29 percent.

 

The stats of people are somewhat similar in line to the survey that was conducted some months back in South Korea which revealed one third of South Korean workers HODL at least one crypto form from the very beginning.

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