Tokens pose lesser risk than gold and oil for UK investors: Survey

A survey connected investors crossed the United Kingdom has revealed a increasing involvement successful the caller plus classes that endanger to overshadow accepted concern — driven by factors specified arsenic easiness of entree and an teen crypto market. 

Among the 2000 UK residents that were surveyed by OnePoll via Tokenise, 81% of the responders chose tokens arsenic the safer and much unafraid alternate to accepted investments specified arsenic gold, oil, shares and existent estate:

“Driven by a hard clime for accepted concern vehicles owed to the pandemic, low-interest rates and inflation, the clip is close for tokens to instrumentality halfway stage.”

Out of the lot, 24% revealed involvement successful investments successful tokens oregon nonfungible tokens (NFT) successful 2022, which highlights a “critical tipping point” for token adoption. As a result, the rising involvement is complemented by a increasing fig of providers and exchanges that mean to capitalize connected the demand.

Some of the cardinal drivers for astir 55% of the existing crypto investors crossed the UK see influencer selling via artists, musicians and collectors portion 49% got roped successful by the quality to marque purchases done app-based marketplaces:

“Some 41% of Londoners are acceptable to buy, usage oregon commercialized a token (such arsenic an NFT) successful 2022.”

The astir salient property radical (46%) that similar investing successful tokens and NFTs successful the UK are aged betwixt 18-24 years, retired of which, 53% cited the quality to put utilizing apps oregon online portals arsenic a large influencing factor.

On the different hand, the survey uncovered the value of acquisition successful promoting crypto-based investments. Further underscoring the value of regulated exchanges, the survey reveals:

“When it comes to tokens, astir fractional oregon 47% are yet to put due to the fact that they bash not cognize capable astir tokens, portion 34% bash not cognize an casual and harmless mode to invest.”

The probe besides shows that women person little vulnerability to tokens and NFTs arsenic compared to men but arsenic similar online platforms for investments. Interestingly enough, 59% of women investors revealed to question immoderate benignant of transportation to the underlying plus anterior to investing. 

Related: FCA issues termination bid for Bitcoin ATMs

On March 11, United Kingdom’s cardinal fiscal regulator Financial Conduct Authority (FCA) directed each non-registered crypto ATMs to instantly closed down oregon beryllium taxable to undisclosed further action.

As Cointelegraph reported, FCA cited 3 cardinal reasons for the abrupt enforcement specified arsenic deficiency of regulatory structure, the high-risk imaginable of fluctuating assets and the value of upholding the principles established wrong the Money Laundering Regulations (MLR).