STUDY REVEALS THAT 29% OF GERMANS ARE STILL INTERESTED IN CRYPTO INVESTMENT

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A study conducted between late Feb. and early march reveals that 29% of Germans are still interested to invest in crypto despite the massive fall in price of cryptocoins.

Over the past view weeks, a lot of FUD reports have accumulated the crypto space, to say nothing of the bearish decline in prices of almost all cryptocurrencies. I even talked about ICO's gradually losing its value yesterday, due to the increasing of scams all over the world, irrespective to all these negativity, a good number of Germans still believe in the future of crypto. Out of this 29%, the younger ones between the ages of 18-34 dominated the board, as reported by Deutsche Postbank.

An interview was carried out so as to what had made them put interest in crypto biz. Most of the women were interested because they believe that it is an independence from the financial system while few women talked about the high returns it holds for them in the future.

As for the men, they were all interested in the prospect of high returns, just few men supported the angle from which the women see it.

Further study reveals that only 6% has successfully invested in crypto, 14% are still expressing their intentions to invest within the next 12 months.

In a word by Dr. Thomas Mangel, Postbank's chief digital officer, he suggested that the young investors should consider investing in securities rather than crypto as their interests is being protected in that aspect, compared to the speculative nature of the crypto market. He also advices them to look out for other investment opportunities rather than depending on just crypto shit.