Investor Confidence in Crypto on the Rise in Central Europe
A recent study conducted by KPMG in partnership with BTC-ECHO reveals a growing trend of digital asset investment in Germany, Austria, and Switzerland, commonly referred to as the DACH region. The study surveyed 2,400 private investors and shed light on their attitudes towards cryptocurrencies.
Allocation of Assets
- Investors in the DACH region allocate over 25% of their total assets to cryptocurrencies.
- More than half (54%) have invested at least 20% of their portfolio in digital assets.
Perception of Risk
- 34% of investors consider their crypto investments relatively safe, while 43% view them as risky.
- Concerns about market manipulation, regulation, and financial crime rank as the top risks for investors.
Popular Digital Assets
- Bitcoin (BTC) and Ethereum (ETH) are the most favored cryptocurrencies among investors in the region.
- Currently, BTC is trading at $63,031, while ETH is valued at $3,092.
KPMG’s Bernd Oppold emphasizes the growing importance of digital assets, with investors displaying optimism despite the sector’s inherent volatility.
Hot Take
Investors in Germany, Austria, and Switzerland are increasingly embracing cryptocurrencies, allocating significant portions of their portfolios to digital assets. With Bitcoin and Ethereum leading the pack, investor confidence remains high, despite perceived risks in the market.
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