Gemini Data Shows 13% Of The UK Has Already Invested In Crypto

As per the latest Gemini data, we can see that about 13% of the UK has already invested in crypto, challenging the notions of the average crypto investor so let’s read more in our latest crypto news.

One of these findings was the people from all age groups were buying crypto assets as opposed to only younger people buying crypto. The percentage of female investors was also not as low as the popular opinion suggested. As per the Gemini data, about 13.5% of the 68 million UK population is either a new or previous investor on the crypto market.

The exchange said that the numbers were up by 152% compared to similar studies in the past. One survey from 2019 found that 6% of the population was invested in the crypto market at that time. The results from Gemini’s of over 2000 respondents challenged average crypto investors stereotypes as they are typically seen as single, male and young. Instead, the survey shows that the average investors are marred, middle-aged and no significant skew between the percentage of men and women investors.

Among the very few findings was that more women in the UK are investing in crypto more than ever before with women now making up about 41.6% of current and previous crypto investors. It wasn’t only that the rich people are playing with crypto either. The survey found that more than 91.8% of the current and previous investors recorded a household income of under $136,000 while 95% of UK citizens earn less than this figure. In terms of age, young adults are leading the charts as the demographic showed higher disposable income which can take on more risks than the older generations. Over 60.6% of the UK investors are below the age of 34.

Another finding was the average crypto investors likely adopted other emerging technologies rather than just digital currencies. More than half of all crypto investors got into smart applications, sophisticated home security systems, and smart home tech while non-crypto investors were less likely to have implemented new technologies. Crypto investors are not planning to stop their purchases anytime soon and said that crypto investors are likely to increase their investment over the next year with half planning to invest more compared to one-third of the respondents. Gemini’s head of the UK Blair Halliday said that this response was made possible with the rise of regulated and secure platforms that are available for trading and investing:

 “Crypto has never been more accessible. We expect the reach of crypto to widen further, particularly the 9.0% [of respondents] who are interested in crypto to enter the market.”