Germans show appetite for crypto investments

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A survey conducted in February-March 2018 by Postbank, a German bank, indicates that at least one in three Germans are interested in investing in cryptocurrency.

The 30% result for crypto investments reveals why people would invest and what the split is between men and women in Germany. When asked about why are they interested in crypto, 60 percent of women and 51 percent of men cited “independence from established financial systems” as one of the most important factors.

However, when asked about the potential for high rewards from investing in cryptocurrency, it was the men who most attracted by this: 56 percent against 36 percent of women.

One third of those surveyed also said that the anonymity of cryptocurrency was important to them.

The research also revealed some differences among the various age groups. For example, the 18–34 age group is most interested in cryptocurrency, with 46% of those surveyed saying they would like to invest. As Cointelegraph reports: “Six percent of Germans between the ages of 18 and 34 have already invested, with another 14 percent planning to do so over the next twelve months.”

Dr. Thomas Mangel, Head of Postbank’s Digital Department said that the current dip in the cryptocurrency market did not appear to have had much impact on interest in cryptocurrency in Germany. However, he thinks this is because there is a lack of knowledge about opportunities and risks of cryptocurrencies as an investment.

He said in a press statement:

“Despite all the fascination, young investors should not lose sight of offers from the established banking system. Anyone who already makes an investment in securities as an investment should certainly not invest in cryptocurrencies because of the high risks involved. Because this type of investment is highly speculative.”

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