Bitpanda Research: crypto holders equivalent to investors in art
Crypto

Bitpanda Research: crypto holders equivalent to investors in art

By Marco Cavicchioli - 1 Aug 2019

Chevron down

According to a recent research, in Europe, the percentage of crypto holders, investors who have bought cryptocurrencies, is very similar to that of those who have invested in art or antiques. 

bitpanda crypto holders

The research is entitled “Understanding Cryptocurrency Holders in Europe“, and was carried out by GlobalWebIndex for the Austrian exchange Bitpanda. 

119,107 people were interviewed in 17 different European countries, including the UK, Russia, Germany, Switzerland, Spain, France and Italy. Of these, just over 4% said they were crypto holders, but this percentage is not as low as a superficial analysis would suggest. 

In fact, the survey not only asked respondents if they owned cryptocurrencies but also tried to analyse the diversification of their investment portfolio. 

The results were published on a dedicated chart, which shows for example how the percentage of people who claimed to have invested in cryptocurrency is very similar to the one who claimed to have invested in art or antiques. 

In particular, the chart shows the percentages of Europeans who use the Internet, and who claim to have invested in gold, real estate, shares, investment funds, annual returns, cryptocurrencies, art, antiques, and bonds, as well as those who have savings or pension funds. 

The latter are the most numerous, with a percentage ranging from 50% of respondents declaring lower incomes, to 69% of those declaring higher incomes. 

However, those who claim to have invested in gold, for example, are a much lower percentage, ranging from only 8% to 20%. 

Cryptocurrencies have been chosen by 3% of those who declare lower incomes, up to 8% of those who declare higher incomes, percentages that are extremely similar to those who have declared to have invested in art or antiques. 

In the lower-income group, 3% is also reached by bonds and annuities, while it differs only in the higher income groups, reaching 13% for bonds, for example. 

Therefore, that 4% total of respondents who claimed to be crypto holders is not a very low percentage, as it is only slightly less than half of those who said they had invested in gold, the most popular investment after cash and pension funds, and is perfectly in line with other forms of investment such as art or bonds. The only exceptions are real estate and shares, which in the higher income groups exceed 30%. 

In addition, these differences widen in the higher income groups, since in the lower-income groups are much more contained, and the number of people who have invested in cryptocurrencies is equivalent to that of those who have invested in art or bonds. 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.