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HomeMarkets7% Invest And 40% Invested In Crypto, Spanish Survey Finds

7% Invest And 40% Invested In Crypto, Spanish Survey Finds

A new study released by Spain’s National Securities and Markets Commission (NSMC) reveals how many Spaniards have bought cryptocurrencies and how many know about them. The survey, posted on August 4, shows results collected from 1,500 participants from May 2022 to June he said.

Results show that 75% of participants have heard of cryptocurrencies or at least have some knowledge of these digital assets. Despite these results, the study argues that “general knowledge” about these assets is “very limited.”

As a result, over 45% of respondents have heard of cryptography and 22.2% claim to understand the fundamentals of these digital assets. In contrast, only 24% of respondents say they are not familiar with or have no knowledge of digital assets.

Additionally, 32% of respondents claim to be familiar with the current regulatory landscape for cryptocurrencies in Spain. Social media platforms are one of the key sources of cryptocurrency information for our study participants.

Currently, 7% of these investors are actively participating in the cryptocurrency market, with most allocating around 5% of their capital. He said 52% of respondents increase their positions when the market is trending down, and only 10% of them invest ‘regularly’.

Most of these investors are young people under the age of 34. The rest of the participants said they were interested in investing in cryptocurrencies (10.2%), while the majority (82.9%) said they would not buy digital assets.

The survey also found that most cryptocurrency investors in Spain do a high degree of research. He claimed that 43.3% of respondents went to college and 28% graduated from high school. In that sense, the study claims that 64.3% of digital asset investors belong to the middle to upper social class, 12.3% belong to the upper class, and 17.3% belong to the middle to lower class.

BTC price moves sideways on the 4-hour chart. sauce: BTCUSDT Tradingview

Spanish crypto investors, where are they

Additionally, the survey found that the majority of investors reported a monthly income of €3,000 or more (41%), with 18.3% recording a monthly income between €2,000 and €3,000.

These results suggest that most people who invest in Spain are wealthy or have incomes well above the minimum wage. Crypto investors are spread across the territory, but most appear to be in Madrid, the country’s capital, and Catalonia, an important province with Barcelona as its main city.

Crypto Survey Spain MAP 1
This map shows how crypto investors are spread across the Spanish territory.Source: Spain’s National Securities and Markets Commission

Most respondents said they invested in cryptocurrencies because they offer high returns (36.5%), but some said they trust the underlying technology (29%). . A majority of survey participants (34%) use digital because they believe it is the future of payment.

The study explores the unique profile of cryptocurrency investors and how they tend to conduct their own research and seek information directly from sources of assets/projects of interest, with the following conclusions: attached.

Unlike the general public, where investors rely on advisors, cryptocurrency investors seek information about potential investments more autonomously, primarily through informational documents of products of interest, specialized press and online forums. I’m here.

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