A new survey done by the German Consumer Centers of Hesse and Saxony published Monday, Nov. 5, shows that more than one-fourth of young Germans are interested in investing in cryptocurrencies.
The Postbank Digital Study was conducted between February and March 2018. 3,100 people selected to be representative of age, gender and location were asked questions regarding cryptocurrency.
Interest in cryptos is especially high among younger Germans, with those between 18 and 34 expressing the most interest in, and knowledge of, cryptos. In fact, nearly one in two members of this age group are interested in cryptos.
The study discovered that Germans are very interested in the independence of cryptocurrency from regulation, but women are more attracted by this particular aspect than men (60 and 51 percent respectively). Men and women answered differently when asked what aspect of cryptocurrencies interest them most.
Postbank Chief Digital Officer Dr. Thomas Mangel was, however, quick to caution young investors not to allow cryptos to make them lose sight of more established investment opportunities. Mangel advised the young investors to consider investing in securities instead, as the speculative nature of the cryptocurrency market exposes them to huge risk.