The study als reveleaded that a further 37.1% are "unsure" about the safety of investing in cryptocurrencies, and only a final 13.8% see cryptocurrency as a safe investment product. The interesting thing about these statistics, is that they have divided the responses and opinions of different age groups.
As you can see, it's very clear that the younger age groups are more likely to see cryptocurrencies as safe rather than unsafe. They are also less unsure overall. Only 9.7% of adults 35+ think of cryptocurrencies as a safe investment, and shockingly in the age group 45+, only 2.9% view it as safe.
Mainstream investment (advice)
Overall, more and more people are starting to include cryptocurrencies into their investment strategies, and those who invest in to cryptocurrency, almost always have other investments and savings (85.7%). This statistic is the same for all ages.
What the study also covers is how many participants get or have recieved financial advice. Seemingly just over half of the cryptocurrency investors recieve financial advice (56.1%), and suprisingly the younger age groups are more likely to seek out financial advice before investing (65% of 18-24).
Investing borrowed money
A more suprising statistic revealed from the study is that over two thirds of cryptocurrency investors borrowed money to make their purchases, rather than use income or savings. More than two thirds (64%) of those who have invested in cryptocurrencies have used one or more credit facilities to do so.
All figures, unless otherwise stated, are from a survey conducted with The Leadership Factor. The total sample size was 2,000. Fieldwork was undertaken between 9th September 2021 and 15th September 2021. The survey was carried out online.
