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German Cryptocurrency Investors Exhibit Strong Faith in Digital Assets
Summary: A study conducted by KuCoin reveals that German cryptocurrency investors have strong faith in digital currencies. Nearly half of them, 49%, believe that these assets can assist them in achieving their long-term wealth accumulation goals. Additionally, a quarter of the investors perceive cryptocurrencies as a reliable store of value, especially given the current economic turbulence. ...
A study conducted by KuCoin reveals that German cryptocurrency investors have strong faith in digital currencies. Nearly half of them, 49%, believe that these assets can assist them in achieving their long-term wealth accumulation goals. Additionally, a quarter of the investors perceive cryptocurrencies as a reliable store of value, especially given the current economic turbulence. The Y generation, encompassing individuals born between the 1980s and the late 1990s, accounts for 51% of cryptocurrency investors in Germany. They primarily utilize digital assets for trading, online shopping, purchasing non-fungible tokens (NFTs), holding and staking, and receiving and paying salaries. Bitcoin emerges as the preferred cryptocurrency among local investors, with 64% of them holding it. The growth of the cryptocurrency market in Germany is seen as a positive indication, signaling the potential of a Web3 revolution in Europe's largest economy. Germany also earned recognition as one of the most cryptocurrency-friendly countries during the first quarter of 2022.
Author: Katie Lin
Tags: Bitcoin,Cryptocurrency,Germany
Link: German Cryptocurrency Investors Exhibit Strong Faith in Digital Assets [Copy]
