KPMG Survey Shows Germany Warming Up to Crypto Again
Investors in Germany are regaining optimism and confidence in crypto following a challenging period for the market last year. Still, some reservations persist.
A recent KPMG study conducted with BTC-ECHO surveyed about 2,400 private crypto investors across Germany, Austria, and Switzerland. The findings reveal a notable surge in crypto interest, with about 54% of respondents allocating over 20% of their total assets to crypto investments.
The resurgence in optimism comes as Bitcoin recently hit a record high above $72k. This was driven by spot Bitcoin ETFs’ success and anticipation surrounding the Bitcoin Halving. Also, Ripple CEO Brad Garlinghouse predicts that the crypto market’s capitalization will surpass $5t by the year’s end.
Meanwhile, a substantial majority of investors (67%) heavily committed to digital assets have positioned themselves for the medium to long haul, typically spanning between 3 to 5 years.
Nevertheless, newcomers to the market are displaying heightened caution. They are meticulously examining investment prospects with increased scrutiny and patience. Consequently, providers must exert additional efforts to transition a prospective party into a customer.
Similar to 2023, there remains a significant disparity between registration on a crypto exchange and its actual utilization. Investors prioritize security, deposit and withdrawal options, and transaction costs when selecting their preferred crypto exchanges.
As per the study findings, 34% of investors perceive their digital asset investments to be “rather safe.” Still, market manipulation, regulatory uncertainties, and financial crimes remain the foremost concerns among investors.
Bitcoin’s dominance surged 7% in the portfolios of surveyed investors
