Crypto is second most popular investment asset in France: Survey
Cryptocurrencies are the second most popular type of investment asset among the adult French population, according to a survey by the Organisation for Economic Co-operation and Development (OECD) published by France’s principal financial regulator, the Autorité des Marchés Financiers, on Nov. 13.
According to the survey, 9.4% of the French population holds crypto assets, which is only marginally lower than those holding the most popular type of investment asset, real estate funds (10.7%). A further 2.8% of respondents possess nonfungible tokens.
The survey also measured the group of “new investors” who have invested for the first time since the start of the COVID-19 pandemic in March 2020. The new investors are mainly men (64%) and are significantly younger than traditional investors, with an average age of 36 versus 51 for the latter. In this category, 54% hold crypto assets.
Related: French regulator sees DeFi as ‘disintermediated,’ not ‘decentralized’
The survey’s authors also noted that new individual investors have a “relatively low level of financial knowledge,” particularly those in the youngest group aged 18–24. They were more likely to give incorrect answers about the basics of investment strategy than traditional investors.
The survey was conducted among 1,056 respondents in the spring of 2023, with 40 in-depth interviews about their needs and motivations.
France is actively pursuing a leadership role in Europe in digital economy and innovations. In September, local telecommunications group Iliad revealed an investment of 100 million euros ($106 million) to fund the creation of an “excellence lab” dedicated to artificial intelligence research in Paris. This month, the first-of-its-kind Institute of Crypto-Assets opened in the business district outside Paris.
Magazine: 2 years after John McAfee’s death, widow Janice is broke and needs answers
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZA Miner Introduces Free Cloud Mining Platform for Bitcoin and Dogecoin
ZA Miner, a UK-based cloud mining provider, has officially launched a new platform to make cryptocurrency mining more accessible to a broader audience.

OSC Warns of Surge in AI-Driven Crypto Scams as Canadian Fraud Losses Climb to $640 Million
According to the Globe and Mail report, the Ontario Securities Commission (OSC) is raising red flags over a sharp rise in cryptocurrency fraud across Canada, as scammers now weaponize artificial intelligence to swindle unsuspecting investors.

Arkansas City Planning Commission Rejects Crypto Mining Proposal Amid Strong Community Backlash
The Vilonia Planning Commission has unanimously turned down a proposed cryptocurrency mining facility within city limits, following weeks of vocal opposition from residents.

Bitcoin Climbs to $94,000 Driving Market Above $3 Trillion

Trending news
MoreCrypto prices
More








