Published
5 years ago on
November 07, 2018
“[The] survey shows a growing interest in crypto, with more than a quarter of young Germans saying they are willing to invest in cryptocurrency. This positive sentiment is evidence that global leaders and innovators of the future are aware of the potential the space has to offer. It is not surprising that a demographic whose lives have been characterised by smartphones, internet, and social media, see the attractive functionality cryptocurrency provides as an instant and decentralised means of transferring value.â€He continues to say:
“Again, however, the survey highlights continued ambiguity in public perception of cryptocurrency and the utility of blockchain technology. Older demographics continue to perceive crypto investment as too “riskyâ€, with just over 50 percent of people aged 30 to 39 averse to any investment. Meanwhile, profitability is still a driving incentive for young people looking to become involved in cryptocurrency, as cited by about a quarter of those interested in investing. I think it’s clear we, as a community, need to work harder to educate people of the massive potential blockchain technology offers – cryptocurrency in itself is only the tip of the iceberg!â€The results of this survey show us similar results to a survey conducted three years ago but on a global scale, in which it was found that the majority of Bitcoin enthusiasts were young and had been involved in cryptos for less than two years. As said by CCN, during this time, this was understood to illustrate the space to be a growing entity and now we can conclude from later findings that more mature groups of people still don’t fully understand the concept of cryptocurrency and therefore wish to stay well away from it. What are your thoughts? Let us know what you think down below in the comments!
