Cryptocurrencies in Poland cease to be a revolution and become another class of asset. 1188 people took part in the Business Growth Review study on behalf of Zondacrypto and indicates diversification as the main reason for entering the crypto, 56% supports registration by a mobstor, and 91% wants the state to support companies from the blockchain technology market. The accusation that cryptocurrencies are “contrary to decency” most respondents cuts off with two words: they are not.
Test
The study evaluated, among others Trust in financial institutions and cryptocurrency exchanges. The National Bank of Poland is rated the highest – it received an average rating on 4 on a scale of 1-5. Commercial banks and licensed Polish cryptocurrency exchanges receive 3 out of 5, and therefore moderate trust. The Ministry of Finance, like foreign stock exchanges, in turn lands lower, at level 2 to 5. This reflects the distance and caution against the regulator and entities outside of national jurisdiction. Such a value arrangement shows that respondents prefer supervision closer to their place of residence and prefer clear local rules of the game.
Against this background, the attitude towards regulatory and technological facilities is interesting. When asked about the possibility of registration in a licensed stock exchange by a mobstor, the respondents clearly more often say “yes” than “no”. Supporters – “definitely yes” or “rather yes” answers – a total of 56% of the sample (about 665 people), opponents 37% (approximately 440 people), and 7% have no opinion. The advantage of support at the level of 19 percentage points suggests that the digital state identity as a tool in crypto-onboarding does not raise objection.
The ethical dimension of cryptocurrency trading is largely resolved for the respondents. As many as 60% of the respondents are definitely disagreeing with the statement of “cryptocurrency trade is contrary to decency”, 21% rather disagree, but only 2% definitely agree. For most market participants, crypto trade has no signs of moral controversy, while the Ministry of Digitization is of a different opinion.
Like many other companies operating in Poland, we have submitted an application to the Ministry of Digitization to provide us with the possibility of integration with a mobile. Unfortunately, we received a negative response, which was motivated by the ministry by an indication that cryptocurrencies are immoral and are not in line with the decency in force in Poland. Meanwhile, several bookmaking companies use integration, which are apparently moral. The minister of digitization in an interview from one of the editorial storage suggested that the company can always submit an application, which we also did. Now the ministry has asked for another days to consider it due to the fact that the matter is allegedly difficult and complicated – the deadline was initially until August 18, and now it is until September 30. So we are waiting, although we will probably have to fight for our arguments in court. Meanwhile, as the results of the study show, Poles do not agree with the Ministry of Digitization and its approach to cryptocurrencies
– comments Przemysław Kral, CEO Zondacrypto.
There are expectations for the government
Perhaps the most interesting application concerns expectations of the state. On a ten -speed scale of support for supporting Blockchain and Krypto, 91% of respondents choose values from 6 to 10, and the center of gravity falls at 7 points, indicated by 60% of respondents. So we not only have social consent, but even incentive to develop the sector, i.e. incur competences, organize the rules and facilitate the activities of companies operating in this area.
Poles see in cryptocurrencies a chance for diversification
A study conducted on a sample of 1188 people shows that a conversation about cryptocurrencies in Poland has long gone beyond the niche. The core of the trial is people of working age: as many as 66% of respondents are between 25 and 44, which explains the investment nature of the answer well. Young (18–24) constitute nearly 15%, and the 65+ group less than 3%, suggests that the applications are primarily reflected in the perspective of professionally active people.
The most powerful driving force in cryptocurrencies is a cool, portfolio calculation. Diversification as a reason is indicated by 81% of respondents, which, in terms of test, gives about 962 people. In practice, this means that cryptocurrencies are treated more than another class of asset than one -off speculation. The speculative theme, however, does not disappear – 41% declares their willingness to quickly profits (about 487 people), but loses with a long -term approach.
Functional advantages of cryptocurrencies also matter. 19% (approx. 226 people) choose comfortable or quick payments, and pure technological curiosity attracts 11% (about 131 people). What about the protection of purchasing power? This reason indicates 15% of respondents (around 178 people), which suggests that cryptocurrencies in the eyes of Poles are unlikely to play the role of an anti -inflation shield.
A picture of the mature pragmatism of Poles emerges from the results of the study. The dominant motive is diversification, preferred in a group of 25-44 years, which, by definition, most often manages the portfolio and disposable income. Trust is directed towards domestic entities, which increases the acceptance of solutions such as registration by a mobstor – but provided for licenses and supervision. The dispute over “customs” does not actually exist, and the innovation of crypto is obvious to most. Finally, the expectation of an active, wise state policy – instead of a restrictive retreat – can be a guide for regulators and the financial environment, how to build a market. So, on clear terms, in Polish and they think about an investor who treats crypto as part of a normal portfolio.
The study carried out using the CAWI method was conducted by Business Growth Review on behalf of Zondacrypto on a representative group of 1188 Polish women and Poles aged 18+.
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