The recently published paper entitled Into The Cryptoverse 2022, Germany Edition reports survey results of how clear laws applicable to cryptocurrencies impacted Bitcoin adoption rates in Germany and how its citizens feel about the decentralized topic.
Germany was the first nation to regard Bitcoins as “units of value” and a “financial instrument.”
Germany is now regulating the decentralized industry by legislation. Currently, 16% of the German population between 18 and 60 are cryptocurrency investors.
41% of these crypto investors aim to grow their cryptocurrency holdings in the next six months. Additionally, 13% of Germans show curiosity about digital assets and desire to invest in cryptocurrency. Nonetheless, just 23% of crypto-curious individuals said they are pretty inclined to invest, with the remainder staying hesitant and cautious.
Germany and Trading
In Germany, 17% of cryptocurrency investors had over two years of trading experience, of which 4% have been trading for more than half a year.
45% of investors have begun trading cryptocurrency in the last six months.
18% began trading during the last year.
37% of German cryptocurrency investors have participated in crypto trading for over a year. This might be because people who hold cryptocurrency for less than a year are subject to tax.
Men make up 69% of cryptocurrency investors, while women account for 53% of crypto-curious Germans.
Germany is a country with high crypto literacy. Images via Shutterstock
In Western European countries, cryptocurrencies are increasingly gaining popularity as a source of passive income. Digital assets and their potential for high return on investment have entered the mainstream.
44% of Germans are inspired to invest in cryptocurrencies to become a part of “the future finance.”
35% are motivated by the prospect of earning passive income with crypto.
30% see cryptocurrency as a secure method of storing assets.
The remaining 29% are eager to achieve financial independence via cryptocurrency adoption.
German cryptocurrency investors dedicate an average of 24% of their trade volume to staking to have a stable source of income. Currently, returns are greater than those yielded by traditional bank savings accounts.
Half of the crypto-curious investors predict a 10% return and a 5% loss on their cryptocurrency assets.
Cryptocurrency lending
Crypto lending is the second most popular option for Germans, and it accounts for 13% of investor trading volume.
31% of crypto-curious investors want to enter the business via cryptocurrency lending.
77% of crypto-curious investors are researching what digital assets are potential investments.