On Tuesday, the European Central Bank (ECB) published the results of a new survey conducted in six eurozone regions: the Netherlands, Spain, Italy, Belgium, France and Germany. About 10 percent of respondents in the countries surveyed said they own cryptocurrencies. Of this group, only 6% of respondents said they own digital assets worth more than €30,000. Meanwhile, 37 percent of respondents said they own up to €999 in cryptocurrency.
Across all countries surveyed, the wealthiest 20% of the population consistently hold the highest percentage of investors in cryptocurrencies relative to other income groups. The survey asked adults between the ages of 18 and 70 whether they or anyone in their household owned various categories of financial assets, such as crypto assets.
The survey was included in a new ECB report released on the same day on the growing adoption of crypto assets despite risk factors. As quoted by the ECB, in a recent Fidelity survey, 56% of respondents said they had some exposure to crypto assets, up from 45% in 2020. The growing availability of cryptocurrency-based derivatives and securities on regulated exchanges, such as futures, exchange-traded notes, exchange-traded funds and over-the-counter trusts, has fueled the momentum.
Additionally, increased regulation is also considered a sign of government authorities’ acceptance of cryptocurrencies. As an example, the ECB cites Germany as allowing institutional funds to invest 20 percent of their holdings in cryptocurrencies. However, the ECB concludes the report by emphasizing that if current trends in the adoption of digital assets continue, they will ultimately pose a threat to financial stability.
Cointelegraph Chinese is a blockchain news information platform, and the information provided only represents the author's personal opinion, has nothing to do with the position of the Cointelegraph Chinese platform, and does not constitute any investment and financial advice. Readers are requested to establish correct currency concepts and investment concepts, and earnestly raise risk awareness.
Miyuki
