ECB Survey Finds 10% of Eurozone Households Own Crypto Assets

One successful each 10 households successful six eurozone countries has acquired cryptocurrencies, the European Central Bank (ECB) has recovered with a caller survey. While the richest are astir apt to ain crypto assets, mediocre families are not acold behind, the canvass indicates.

Dutch Households Lead successful Terms of Crypto Ownership, ECB Survey Shows

Every tenth eurozone household has purchased bitcoin oregon different cryptocurrencies, according to the latest Consumer Expectations Survey conducted by the European Central Bank (ECB). Europe’s fiscal authorities are present trying to found if the crypto marketplace downturn could impact household budgets, Reuters reported.

The results from the latest variation of the monthly canvass were announced Tuesday. The survey reveals that an mean of 10% of the households successful six participating eurozone countries clasp crypto assets. Among them, the Netherlands had the largest proportionality of crypto owners astatine 14% portion France ranked past with conscionable 6%.

Some 37% of the respondents said they were holding up to 999 euros worthy of cryptocurrency (approx. $1,070 astatine the clip of writing), the monetary authorization detailed, and 29% had betwixt 1,000 euros and 4,999 euros. Another 13% owned betwixt 5,000 euros and 9,999 euros. The equilibrium had invested much than that, the study unveils.

Across these nations – Belgium, France, Germany, Italy, the Netherlands, and Spain – the richest 20% of the polled were astir apt to ain cryptocurrencies. At the aforesaid time, a greater proportionality of lower-income households clasp integer assets than the conception betwixt the 2 groups.

The authors of the survey person besides noted that young big males and highly educated radical were much inclined to put successful crypto. “With respect to fiscal literacy, respondents who scored either astatine the apical level oregon the bottommost level successful presumption of fiscal literacy scores were highly apt to clasp crypto assets,” the ECB pointed out.

The eurozone’s cardinal slope didn’t miss the accidental to reiterate its stance that cryptocurrencies are unsuitable for retail investors. The regulator besides called connected EU authorities to urgently o.k. caller rules for crypto assets successful the 27-member bloc. The information has been published arsenic portion of ECB’s Financial Stability Review arsenic European legislators are working to finalize the Markets successful Crypto Assets (MiCA) legislation.

What bash you deliberation astir the findings successful the ECB’s Consumer Expectations Survey? Tell america successful the comments conception below.

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