According to a recent report by the German retail bank Postbank, 29% of Germans think that cryptocurrency is a desirable investment opportunity.
The results were collected in the Postbank Digital Study 2018 after more than 3,100 Germans were interviewed from the end of February to the end of March his year. The younger generation was more optimistic when it comes to cryptocurrencies. Nearly half of the people aged from 18 to 34 (46%) have said that they are interested in cryptocurrency investments. Even 14% of them want to buy or mine cryptocurrencies in the next year.
Even though the results are quite optimistic, we must face the fact that this demographic only makes 8% of the total population. According to Dr. Thomas Mangel who is the Chief Digital Officer at Postbank, youngsters should not concentrate solely on cryptocurrencies as they are a “type of investment that is highly speculative.”
Aside from age, the study also focused on gender – observing three different factors.
- 60% of women said that they consider the “independence of established financial systems” as more important than 51% of men
- 56% men expect higher returns from cryptocurrency investment as compared to 36% women
- 39% of men are in favor of the anonymity provided by digital currencies – while only 26% of women think this is important
Also, we must accept the fact that the survey was conducted when Bitcoin and other cryptocurrencies were experiencing a major downfall – which is why the results in favor of the cryptocurrencies are a surprise to the bank.
Cobo: The Long-Awaited Chinese Wallet Raises $13 Million In Series A Funding
“Cobo’s unique approach redefines the concept of crypto asset management and creates new opportunities for investors. The team leverages their extensive blockchain experience to help safeguard users’ assets while also generating returns for their benefit. We believe Cobo will lead an entirely new user experience for PoS coin holders.”The Cobo Wallet also supports a couple of Proof-of-Work and Delegated-Proof-of-State coins and about 500 tokens. As such, it is proof that despite last year's ban on cryptocurrency trading in China, it did not fail to introduce the domestic (and foreign) markets with a completely new wallet service.
Stablecoins: Could They End The Decentralization?
Binance Is Looking For Ways To Add Stablecoins To Its Platform
"As a whole, we believe things will even out. We will continue to support USDT,"Binance's interest in expanding its stablecoin options predates Tether and its recent break out of the buck. The exchange right now has support for Paxos Standard (PAX) and TrueUSD (TUSD) aside from Tether's USDT support. Right now, Wei said that the Binance research team is evaluating almost all the other stablecoins on the market - with a particular interest for adding the Gemini Dollar (GUSD) backed by the Winklevoss twins.
"Rather than hold bitcoin, [institutions] actually prefer to hold more stablecoins, because the dollar is still the default currency in some of these countries. That's just one use case that we've seen that's different in this part of the world, versus other parts of the world," Zhou concluded while speaking to Binance's recent expansion in Uganda.
Tether (USDT) Moved $610 Million Out Of Circulation This Month
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