29% of Germans consider Bitcoin an attractive investment
According to a study supported by Postbank in Germany, 1 in 3 Germans think that virtual money is an interesting form of investment.
Despite the fall in prices since the beginning of the year, one-third of Germans think that Cryptocurrencies have a future and are interested in investing their savings.
According to a survey conducted by the German bank PostBank in March 2018, 29% of Germans said that virtual money was an interesting investment. This figure rises to 46% when only those aged 18 to 34 on the panel are taken into account.
Dr. Thomas Mangel, Postbank’s digital director, says about it:
“Despite the drop in prices and the obvious risks, Germans are still interested in Cryptocurrencies.”
What fascinates investors the most is the independence provided by digital currencies, 60% of women say they are interested in this autonomy (against 51% of men).
Monitoring return on investment, a reason cited by 56% of men (versus 36% of women).
Dr. Thomas Mangel adds:
“Those who take the plunge are often under 35, yet young people should not forget the offers put in place by banks.”
The survey results also show that 20% of Germans think they are familiar with crypto-currency and know the market. Among young people, 29% consider themselves as “crypto experts”.
Dr. Mangel concludes:
“Due to the media hype, people overestimate their knowledge and underestimate the risks associated with investing in virtual currency.”