44% Will Invest in Crypto and Join “The Future of Finance”

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Germany: 44% Will Invest in Crypto and Join ‘The Future of Finance’
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Germany has a high level of cryptocurrency literacy. They are deep in the cryptoverse – here is a stat attack.

KuCoin, a crypto exchange, has released a report, called Into The Cryptoverse 2022, Germany edition. The survey explores cryptocurrency adoption rates in Germany and what the locals think of the decentralized theme.

Germany was the first country to recognize Bitcoins as “units of value” and that they could be classified as a “financial instrument.”

Legal regulation for the decentralized industry in Germany is ongoing. Now, 16% of the German population 18 to 60 are crypto investors.

coinbase

These people who own cryptocurrencies or have traded cryptocurrencies in the past six months.

41% of these crypto investors intend to increase the share of their investments in crypto in the next six months. Another 13% of Germans are crypto-curious. They intend to invest in cryptocurrencies too. Yet, only 23% of the crypto-curious said they are highly likely to invest, with the rest remaining hesitant.

Germany and Trading

17% of crypto investors in Germany have over two years of experience trading. Of these, 4% have been trading for over six years.

45% of investors started trading crypto within the past 6 months.

18% started trading within the past year.

37% of German crypto investors have been trading crypto for over a year. This might be because tax is imposed on those who hold cryptocurrencies for less than a year.

69% of crypto investors are men.

Women account for 53% of the crypto-curious.

The appeal of cryptocurrencies as a means of passive income is growing in the Western European country. Digital assets and their possibility of generating a return on investment have gone mainstream.

44% of Germans are motivated to invest in cryptocurrencies to be a part of “the future of finance.”

35% do it for the passive income opportunities.

30% consider cryptocurrencies as a reliable means of value storage.

The remaining 29% hope to become financially independent by using cryptocurrencies.

German crypto investors allocate an average of 24% of their trading volumes to staking for earning stable income. Currently, yields are higher than those offered by bank savings accounts.

Half of the crypto-curious investors expect 10% return. And, a 5% loss on their crypto investments.

Crypto lending

Crypto lending is the second-most popular type of crypto product. It takes up 13% of investors’ trading volume.

31% of crypto-curious investors plan to start their foray into the industry from crypto lending.

77% of crypto-curious investors are researching potential assets to invest in.

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Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.



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