Research: Three from Ten Germans Are Contemplating Crypto Purchasing
“Regardless of all the fascination, young investors shouldn’t drop sight of offers from the established banking system. Anyone who already makes an investment as an investment should certainly not invest in cryptocurrencies because of the high risks involved. Because this sort of investment is extremely speculative.”
When asked regarding why are they interested in crypto, 60% of women and 51% of men cited”liberty from established financial procedures” as an important factor. The possibility of high returns, on the other hand, especially brings guys: 56 percent against 36 percent of women. For each and each third potential cryptocurrency investor, ideology can be significant.
In terms of age, cryptocurrencies are particularly popular among 18-34 year olds. Inside this age group almost every second – 46% – are interested in crypto investing. Six percent of Germans between the ages of 18 and 34 have already invested, with an additional 14 percent likely to do this over the next twelve months.
Published at Tue, 29 May 2018 17:22:15 +0000
Dr. Thomas Mangel, Head of Postbank's Digital Department, has stated in a press release that the sharp price declines in recent months had apparently not influenced the prevalence of cryptocurrencies. He believes that the reason for this is a lack of understanding about opportunities and dangers of cryptocurrencies as an investment. Dr. Thomas Mangel warns:
German bank Postbank arrived at the conclusion following a poll of 3,100 Germans, that was conducted by the end of February to the end of March 2018.
Many bankers have warned against price changes in recent months. By way of instance, ECB Board Member Yves Mersch sees digital monies as a threat to fiscal stability and involves rigorous banking oversight. Also the wealth management leader of the Deutsche Bank Markus Mueller criticized the high volatility of cryptocurrencies.