44% Of German Will Invest in Crypto and Participate in ‘The Future of Finance’

KuCoin, a cryptocurrency exchange, has published a paper titled Into The Cryptoverse 2022, Germany Edition. The survey investigates cryptocurrency adoption rates in Germany as well as local perceptions on the decentralized theme.

Germany was the first to acknowledge Bitcoins as “units of value” and to classify them as a “financial instrument.”

In Germany, legal regulation of the decentralized industry is continuing. Crypto investors now account for 16% of the population aged 18 to 60.

These are people who possess or have traded cryptocurrency in the last six months.

41% of these crypto investors want to expand their crypto investments in the following six months. Another 13% of Germans are interested in cryptography. They also plan to invest in cryptocurrency. Despite this, just 23% of crypto-curious people stated they are very inclined to invest, with the remainder remaining cautious.

17% of crypto investors had more than two years of trading experience. 4%  of these have been trading for more than six years.

45% of investors began trading cryptocurrency during the last six months.

18% started trading during the last year.

37% of German crypto investors have been trading for more than a year. This might be due to the fact that persons who possess cryptocurrency for less than a year are subject to taxation.

Men account for 69% of cryptocurrency investors. Women make up 53% of crypto-curious people.

In the Western European countries, the popularity of cryptocurrencies as a source of passive income is expanding. Digital assets and their ability to provide a return on investment have entered the mainstream.

44% of Germans want to be a part of “the future of finance” by investing in cryptocurrencies. 35% do it for the potential for passive income.

Cryptocurrencies are regarded as a trustworthy way of storing value by 30% of respondents. The remaining 29% aspire to achieve financial independence through the use of cryptocurrency.

Staking accounts for an average of 24% of German crypto investors’ trading volumes, with the goal of earning a consistent income. Currently, yields outperform those of bank savings accounts.

Half of crypto-curious investors anticipate a 10% return. And a 5% loss on their cryptocurrency assets.

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Patrick

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