One of the retail Postbanks of Germany has reported that according to a survey 29% of Germans believe that cryptocurrency is one the most prudent options for investment opportunity. This survey was announced after interviewing 3100 Germans from the February to march end of this year.
Comparison between two age slots was done , one being in the range of 18 to 34 and another being bit older than the previous . The younger age slot that is 18 to 34 which weighs 46 % of the total surveyed people are comparatively more interested in crypto market not only this 14 % of them want to buy and mine cryptocurrency in the next year.
However even after having such mania much in vogue among the youngsters about the same, this headcount only makes 8 % of the total population which actually want to be active in the crypto market without caring about the volatility or insecurity of the same market.
Dr. Thomas Mangel, Postbank Chief Digital Officer, said that youngsters shouldn’t concentrate completely on cryptocurrencies since this “type of investment is highly speculative”.
Various key demographic parameters were taken into account apart from age the gender based analysis shows that 60% of women feel the “Financial system independence” is more important this ideology is supported by only 51 % of men.
Moreover higher returns on crypto investment attract 56% men as compared to 36% women in addition to this 39% of men do not have any problem with the obscurity in the process involved in transaction of the digital assets well on the other hand 26% women think that this kind of anonymity is important.
As a result it can be concluded that one in every five person in the country are delighted to be an ardent crypto investor or trader on the contrary it still is an enigma to many people in the same state.
The survey was conducted when the cryptocurrencies were going through free fall phase. That is why such kind of result of the survey came as an amazing thing for the bank during the study of the aforementioned people. Mangel said that media is responsible for hyping this phenomenon, which in turn forces people to ignore the risks involved with buying these currencies.
All in all we can see that young people are taking more interest in the crypto market as the same kind of survey when conducted in South Korea showed that majority of 20 years old would like to go for cryptocurrency investment over other forms of regular investments (stocks, shares, bonds or any other financial instruments).