December 5, 2022

11% of British adults plan to buy cryptocurrency within the next year

1 in 10 British adults own digital assets, and 11% are considering buying cryptocurrencies over the next 12 months. This is reported by Peer2Peer Finance News with reference to a survey by Ziglu Bank.

Based on the research results of the institution, operatorcryptocurrency P2P payment application, only about 3% of respondents said they would definitely make their first purchase of digital assets. 8% rated their plans as “highly probable”.

29% of survey participants who are ready to invest in cryptocurrencies explained this by their desire to test the market by spending a small amount. 27% cited the expectation of an increase in the value of assets as a motive.

For 26% of potential investors, the stimulus was the growing popularity of the cryptocurrency market, and 23% indicated an increase in the level of its security.

8% said they are encouraged to buy cryptocurrenciesloved ones. Among other reasons, respondents who are willing to invest cited the emergence of platforms through which access to cryptocurrencies has become easier and cheaper, as well as improved regulation.

Over the past year and a half, 13.5% of Britons have invested in cryptocurrencies, according to a study published in January 2021 by Bitcoin exchange Gemini.

In June, the Financial Conduct Authority (FCA) counted 2.3 million digital asset investors in the country.

They are more popular with young people.people aged 18-29 - 45% of them made their first investment in digital assets, according to a survey by direct investment platform Interactive Investor.