Bitcoin in Germany, German says Crypto is an Investment Opportunity. The Research was conducted by Retail German Post Bank. The results from Postbank Digital Study 2018, Survey – This is too good to be true.
Also, read guest-post BitBank started borrowing Bitcoin to pay interest.
Bitcoin In Germany – Crypto Currency Trading in Germany
This announcement and study were published by talking and speaking with 31,000 Germans which was conducted from the end of February to the end of March 2018. Twenty-nine percent of Germans are interested in Crypto Currencies as a form of Investment.
The survey was conducted when the Crypto Currencies were going through free fall phase. And so we get to exact positions and interest of Crypto Market among German Population. This news and article was originally posted on Ethereum World News – an independent news provider coveringEthereum by the Federal Ministry of Germany for Bitcoin in Germany.
Dr. Thomas Mangel, Postbank Chief Digital Officer said – (Positive)
“Those youngsters shouldn’t concentrate completely on Crypto Currencies since this “type of investment is highly speculative. The price declines in recent months had apparently not impacted the popularity of Crypto Currencies. He believes that the reason for this is a lack of knowledge about opportunities and risks of Crypto Currencies as an investment.
Warnings and Risk of Crypto Currency
“Despite all the fascination young investors should not lose sight offers from the established banking system. Anyone who already makes an investment in securities as an investment should certainly not invest in Crypto Currencies because of the high risk involved. Many bankers have repeatedly warned against price fluctuations in recent months.”
Recent Survey was done by Post Bank for Bitcoin in Germany– Dutech
According to the report – In today BitcoinBreif, regulators marked and published
Virtual Coin as an Important Factor – Bitcoin (BTC), Ethereum (ETH) and other major Crypto Currencies, were still the favorite choice investments for the surveyed group of participants.
Age Comparison and Limit Set – The age group of individuals between 18 and 34 years, was the most interested in the crypto industry. Their number accounted for 46% of the 3,100 Germans surveyed.
Future 2019 – Of this number 14% were noted as having intentions of buying Crypto Currencies and/or mining them in the next 12 months. That means 14 % of them want to buy and my CryptoCurrency in the next year.
Demographic Parameters- Majorly around 60% of women feel the “Financial system independence” is more important this ideology is supported by only 51 % of men.
The Interest was shown in the Survey –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. The survey was conducted at a time when Bitcoin and other Crypto Currencies were experiencing a free fall. This is why the results in favor of these Crypto Currencies were a surprise to the bank. Mangel said that media is responsible for hyping this phenomenon, which in turn forces people to ignore the risks involved with buying these currencies. For instance, 20% of Germans believe that they are well informed on this topic by simply reading about it on social media. Additionally, 29% of 18-34-year-olds think that they are Crypto Experts.
High value return on Gender basis-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.
Cryptocurrency in Other Countries like Bitcoin in Germany
The expansion of crypto Market is even at-
1. American universities have started investing in crypto hedge funds. The investments are on a limited scale but nevertheless indicate a growing interest from academic institutions. They are now desiring to become an Investing Crypto Currency Hedge Funds. The universities are very enthusiastic in their support of Crypto Currencies and Block Chain technologies. The prestigious ones are already offering courses in Block Chain tech and Crypto Currency markets. Cambridge and Oxford are already involved.
2. In the case of Japan – a similar age group of 20 to 40-year-olds was found as being most likely to owning and trading Crypto Currencies. The total number of crypto Holder’s and traders in the country was also estimated as being 3.5 Million.