Cryptocurrencies ranked second among investment choices in France.
Key Takeaways
- Cryptocurrencies are now the second most popular investment among French adults, just behind real estate funds.
- The profile of new investors post-COVID-19 is predominantly young men, with more than half investing in cryptocurrencies.
- France is strengthening its position in the digital economy through significant investments in AI research and the establishment of a specialized cryptocurrency asset research center.
A recent survey conducted by the Organization for Economic Co-operation and Development (OECD) and published by French financial regulator Autorité des Marchés Financiers reveals a surprising trend among French adults. Cryptocurrencies have emerged as the second most popular investment asset.We follow real estate funds closely.
The survey highlights: Currently, 9.4% of the French population owns cryptocurrency assets.This means that the proportion invested in real estate funds is only 10.7%. additionally, 2.8% of respondents own non-fungible tokens (NFTs).This highlights the growing interest in various digital assets.
Did you know?
Do you want to become smarter and richer with cryptocurrency?
Subscribe – We post new cryptocurrency explainer videos every week!
Since the start of the COVID-19 pandemic in March 2020 Significant influx of “new investors”. this group Consists primarily of men (64%)In particular, the average age is 36 years old. Younger than existing investors. Average 51. Amazing 54% of new investors have explored cryptocurrency assets..
Despite this surge in cryptocurrency investment, this survey found that It points out a worrying gap in financial knowledge.This is especially true among the youngest investors, those between 18 and 24 years old. This group Low understanding of investment basics This raises questions about informed decision-making in financial investments compared to traditional investors.
This survey was conducted in the spring of 2023 through 40 in-depth interviews with 1,056 respondents. It is consistent with France’s broader ambitions for the digital economy..
this country Continues to be a leader in European digital innovation. Recent developments include telecommunications group Iliad’s significant investment in an artificial intelligence lab in Paris; New crypto asset research center opens outside Paris.
The OECD survey highlights a pivotal shift in investment trends among the French population, with cryptocurrencies rapidly gaining popularity, especially among new and younger investors. This trend is consistent with France’s strategic drive to become a leader in digital innovation and economic transformation.
Gile is a market sentiment analyst who understands which public events create which emotions. Her experience investigating Web3 news and public market messaging, including cryptocurrency news reporting, PR, and social network streams, will be invaluable to her role leading the cryptocurrency news editorial team.
As an intelligent expert in the field of Public Relations, she works with her team to identify real VS fake news patterns and aims to provide her results to everyone searching for unbiased news and events happening in the FinTech market. Her expertise is informing the public of the latest reliable and informative Web3 announcements.
When she’s not investigating the credibility of mainstream stories, she spends her time enjoying the terrace views and meticulously maintaining her outdoor environment.
