A new study conducted by KPMG allows us to look into the portfolios of investors in Germany, Austria and Switzerland.
Germany and the issue of cryptocurrencies
The survey, which involved approximately 2,400 private cryptocurrency investors in Germany, Austria and Switzerland, shows the mood among this group.
So what do we learn from the report? The results indicate an increase in investments in cryptocurrencies – 54% of respondents allocate over 20% of their capital to invest in digital assets. Many investors, especially those who devote more than 50% of their assets to cryptocurrencies, engage in this industry with a medium and long-term perspective, which is from 3 to 5 years.
Interestingly, however, the study shows a certain change in investor behavior characterized by increased caution. Safety on platforms where cryptocurrencies can be traded is crucial for them. As many as 82% of representatives of this group emphasize its importance. 65% mentioned how deposits and withdrawals work, and 62% mentioned the transaction execution costs charged by the exchange.
Although 34% of investors believe that their investment in digital assets is “fairly safe”, most have some concerns about allocating capital to cryptocurrencies and tokens. They point to issues such as market manipulation, regulation and hacker attacks.
The policy of the German government, which is working on regulations regarding cryptocurrencies, is in line with investors' expectations. In 2019, regulations were passed enabling banks to service cryptocurrencies, and talks are ongoing on the principles of operation of cryptocurrency exchanges and ICOs.
Firstly, bitcoin, secondly, ether
What do investors invest in? Bitcoin takes first place. As many as 91% of respondents have this cryptocurrency. Just below the podium is ether, with a very good result. 78% of investors also bet on or only on this stock.
Currently, one bitcoin costs approximately USD 65,300, which translates into a 6.3% decline on a weekly basis and an increase of 1.43% since yesterday.
