2 years ago
The results of a caller study commissioned by the CNMV, the securities watchdog successful Spain, person recovered that 3 retired of 4 citizens person heard astir cryptocurrencies. However, the report, which included opinions from 1,500 participants, besides recovered that this cognition is inactive minimal, and that little than 10% person really purchased cryptocurrency arsenic a means of investment.
CNMV Reveals Results of Crypto Study
The CNMV, the instauration that oversees the securities markets successful Spain, has revealed the results of its latest cryptocurrency report. The study, commissioned by the instauration and carried retired by a institution called “Grupo Analisis e Investigacion,” surveyed 1,500 participants and an alternate illustration of 300 cryptocurrency investors to instrumentality a snapshot of the penetration that crypto has had regarding Spanish investors.
One of the astir applicable results of the survey has to bash with the popularity of crypto successful the country. According to the numbers released, 3 retired of each 4 Spaniards person heard astir cryptocurrencies, meaning that these instruments person achieved immoderate grade of penetration successful the country. However, the cognition that radical person connected the taxable is inactive precise limited. Only 1.4% of the surveyed had a heavy cognition of cryptocurrency.
Most of the surveyed deficiency cognition astir crypto, oregon person lone heard oregon work astir crypto connected immoderate occasion. Almost 70% of the surveyed were included successful this ascendant group.
Investing successful Crypto successful Spain
While different reports person stated that a important fig of Spaniards person invested successful crypto successful during caller years, this 1 hints astatine crypto inactive being a niche merchandise arsenic an investment. Only 6.8% of the surveyed reported having invested successful cryptocurrencies astatine immoderate point. More than 80% besides stated that they haven’t invested successful crypto and don’t program to bash truthful successful the future.
However, astir seasoned crypto investors put 5% oregon little of their nett worthy successful cryptocurrencies, which suggests they usage these arsenic diversification assets alternatively than their main concern vehicles. The survey besides informs that adjacent these investors judge that cryptocurrencies are risky concern products. 66.3% of the surveyed deliberation that cryptocurrencies contiguous much risks than different concern assets.
Spanish regulators person been highly captious of cryptocurrencies. On June 4, the politician of the Bank of Spain, Pablo Hernandez de Cos, stated that cryptocurrency was bigger than the subprime mortgages assemblage earlier the 2008 fiscal situation and that its links to accepted finance, though anemic astatine the moment, mightiness beryllium unsafe successful the agelong run.
What bash you deliberation astir CNMV’s latest crypto study successful Spain? Tell america successful the comments conception below.
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