Gemini, one of the biggest crypto exchanges in the world, recently conducted a survey wherein they found that over 13.5% of the UK (population 68 million) is either a current or ex crypto investor.
Along with this, they also found some results which challenged certain long-standing beliefs.
Number Of Investors Up Drastically
As per the survey, the numbers are up over 152% compared to the studies they did in the past. They did a similar survey in 2019 and found that only 6% of the population had invested in crypto. The finding also found out that the average investor was married, middle-aged, likely to have children, and no dominant gender type among them. This challenged the long-held notion that the average crypto investor was young, single, male, and childless.
Other Findings From The Survey
- More women in the UK invest their funds into crypto than ever before. Women now make >41.6% of the UK crypto investors.
- Over 91.8% of current and previous crypto investors had a household income of <100,000 pounds. This shows that crypto isn’t the playground of the super-rich, as far as the UK is concerned.
- When it comes to age, youngsters and young adults are leading the charts. Over 60.6% of the investors are below the age of 34. This makes sense since this demographic has more disposable income and risk appetite when compared to the older generations.
- The average investor had previously dabbled in other emerging tech. As per the survey, over half of all investors had participated in emerging tech like smart applications, sophisticated home security systems, and other smart home tech.
- 47.8% of the crypto investors are also more likely to increase their holdings over the next year compared to one-third of overall respondents.
Reactions To The Survey
Gemini's head of the UK, Blair Halliday, believes that this positive response and crypto adoption was made possible with the rise of safer, regulated, and more secure trading and investing platforms
“Crypto has never been more accessible. We expect the reach of crypto to widen further, particularly the 9.0% [of respondents] who are interested in crypto to enter the market.”
However, despite these findings, Halliday believes that the industry still has room to grow, with most people still too scared to invest in the volatile crypto market.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.