The interest of young retail investors in #crypto #assets is growing, 51% of retailers aged between 18 and 34 say they invest in them and more than two in 10 say that this is the asset class in which they are most likely to increase their investment towards the end of the year, according to the data from the latest edition of the study The Pulse of the Retail Investor, prepared by the platform.
“Despite the appeal that #Cryptoassets continue to arouse among retailers, unfortunate situations like the one that took place last year with FTX demonstrate that cryptos are an asset class that is still in the process of maturing,” comments Tali Salomon, regional director of eToro for Iberia and Latin America.
"On this path, at eToro we support any initiative in favor of generating greater confidence among small investors, giving transparency to the market and educating and protecting investors, to facilitate greater use of a technology that can not only bring real benefits to the financial services sector, but also facilitate greater financial inclusion globally”; she emphasizes.
Investment in crypto assets. Tali Salomon, eToro regional director for Iberia and Latin America
Cryptoassets have accumulated two years of ups and downs with several crises behind them that have left prices far from the maximums reached by #bitcoin in November 2021, when the main cryptoasset surpassed $64,000 on the eToro platform. It is now trading above 33,000 greenbacks, despite the fact that this year it has accumulated a 100% revaluation, mainly due to market expectations regarding the foreseeable approval of a spot Bitcoin ETF.
These turbulences do not seem to have made those who were one of its main defenders, the youngest retail investors, hesitate, who continue to give a relevant role to these assets in their portfolios. 51% of Spanish retailers between 18 and 34 years old claim to be invested in cryptocurrencies, according to the latest figures from the study The Pulse of the Retail Investor, prepared by eToro, corresponding to the third quarter of 2023. It is the third class of asset where more young people acknowledge having exposure, behind savings accounts (66%) and foreign currencies (54%).
Interest in these assets also continues in the medium term, as more than two in 10 of those surveyed in this age group point to cryptoassets as the asset class in which they are most likely to increase their investments in the future. end of the year. In fact, no other asset class garners such a high percentage of positive responses: currencies come in second place, chosen by 15% of respondents in this age group, and even further away are more traditional investments such as savings accounts, national equities or Spanish bonds, all of them selected by only 10% of those questioned.
Despite the appeal that cryptoassets continue to arouse among retailers, unfortunate situations like the one that took place last year with FTX demonstrate that cryptos are an asset class that is still maturing. Along this path, at eToro we support any initiative to generate greater confidence among small investors, give transparency to the market and educate and protect investors, thus facilitating greater use of a technology that can not only bring real benefits to the financial services sector, but also facilitate greater financial inclusion globally.
Cryptoassets have served as a gateway to investment for a large number of retailers, but we must not forget the need to diversify our investments to minimize the risk that exposure to a single asset can pose. Likewise, as with any other type of investment, it is essential to have extensive training on what you are investing in to make informed decisions that assess the risks-benefits of each movement.
This content is for informational and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results. CFDs are leveraged products and carry a high risk to your capital.
Source: Territorioblockchain.com
Investing in crypto assets is not regulated in some EU countries or the United Kingdom. There is no consumer protection. Your capital is subject to risks.
