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.
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