Despite the market volatility of 2023, German investor confidence in cryptocurrencies is gradually recovering. According to the statistics “Digital Assets in Germany 2024” conducted by KPMG and BTC-ECHO, optimism and trust in digital assets are strengthening.
The survey collected from about 2,400 investors in Germany, Austria and Switzerland found that 54% have invested more than 20% of their total assets in cryptocurrencies, with 67% of large investors with more than 50% of their assets in the sector. The cryptocurrency sector has medium and long-term investment plans (3 years or more).
However, new investors are being more cautious, leading to the rate of account registration but not trading on exchanges remaining high (86%). Priority factors when choosing an exchange are security (82%), deposit/withdrawal methods (65%), and transaction fees (62%).
34% of investors consider cryptocurrency investment "quite safe", an increase of 11% compared to last year. While 43% think it is "quite risky", 18% "risky" and 5% "very risky". The biggest risks identified are market manipulation, regulatory and financial crime.
This April, Germany also allowed first-time investors to access Bitcoin and Ethereum on the stock exchange. Bitcoin continues to dominate the portfolio with 91%, followed by Ethereum (78%) and Solana (4th place).