10% of Eurozone Households Own Crypto, Survey Shows – DailyCoin

10 of Eurozone Households Hold Crypto Survey Reveals social

Today, the European Central Bank (ECB) presented research into how much of the eurozone’s population owns crypto. The survey found that one in ten households in areas where the euro (EUR) is the official currency owns crypto assets, such as Bitcoin (BTC) or Ethereum (ETH).

The Netherlands has the most cryptocurrencies

According to research by the ECB, more than 14 out of 100 respondents in the Netherlands reported that they, or someone in their household, owns crypto. Spain and Italy trail the Netherlands by just two points, as 12 out of 100 respondents owned crypto assets. Behind the frontrunners comes Belgium with 10 out of 100, Germany with 9 out of 100 and France with 6 out of 100. This amounts to an average total of 1 out of 10.

Retail investing gains momentum

The biggest share of the pie was private investors who invested less than €1000. This category took a 37% pie chart, while another 29% was covered by investors worth up to $5,000.

According to the Consumer Expectations Survey, the ppeople most likely to have crypto are young educated men. Interestingly, financial literacy seemed to be a key factor, but citizens with low financial literacy are much more likely to invest in cryptocurrencies than those in the middle.

The same rules apply to income. It makes sense to assume that those who earn the most would also invest more. Indeed, 20% of the richest interviewees in each of the 6 countries owned the majority of crypto. However, the lowest-income households of the 6 countries invested more in cryptocurrencies than those with middle incomes.

An EU crypto account is on its way

New EU regulations for crypto are already in the works, and the ECB has emphasized the demand for a legal framework: “Because this is a global market and therefore a global issue, global coordination of regulatory action is necessary. Based on the developments observed so far, crypto asset markets are currently showing all signs of an emerging financial stability risk.”

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