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Cryptocurrencies: increase awareness among Italians. The OAM investigation

42% of Italians know cryptocurrencies, 30% of them have already invested in the sector. All data from the Oam survey

Cryptocurrencies: increase awareness among Italians. The OAM investigation

The Italians are increasing (42%) who know the cryptocurrency.
And among the 91% who have heard of it anyway, the 30% have already invested in the field.

This is what emerges from thesurvey carried out byOAM, Body for the management of the lists of financial agents and credit brokers, on a sample of 766 people.

Survey data

A quarter of respondents believe that the use of cryptocurrencies will surpass that of fiat money given the faster payment speed.

They are mainly men (+5% compared to women) who know the subject and live in central and northern Italy.
Cryptocurrency training decreases as the income received decreases, with the exception of those with an income of up to 9.999 euros who demonstrate instead that they have a medium-high level of knowledge (60%). The educational levelInstead, does not affect on the level of understanding of virtual currencies.

Awareness of your investments

The survey reveals that the Italian I am more aware of their investments in cryptocurrencies: one out of three Italians has bought in do-it-yourself mode.
Almost 30% of the sample has purchased in the past cryptocurrencies and 81% of this share wants to continue investing in 2023. These investments are driven by the desire to diversify their portfolio and achieve high returns. In particular, the 55% point to a more diversified portfolio while 40% are looking for high returns. The amount of the investment reaches up to 10 euros for 59% of the sample, between 10 and 25 for 16%. A percentage of 9% invested between 25 thousand and 40 thousand euros while 6% bought cryptocurrencies for over 70 thousand euros. Pleases do-it-yourself purchase, carried out by 42%, even if 58% of the interviewees have entrusted themselves to a broker or an exchange. Depopulate the Bitcoin (59% bought it) followed at a distance by Ethereum (23%) while little market is found for coins such as Ripple e Cardano.

But the majority are waiting

Il 70% of the sample analyzed not but still has invested in cryptocurrencies: weighs the lack of necessary knowledge to buy them first (44%), but also the perception of high risk investment (30%), the difficulty of purchasing (28%), the lack of funds necessary for the investment (27%). In the future, however, 35% of those who have not invested plan to buy virtual currencies anyway.

Sul future of cryptocurrencies the sample is substantially split in half: if 47% of respondents believe that the use of cryptocurrencies will exceed that of legal tender currencies, 53% remain anchored to traditional currencies, considering cryptocurrencies a highly volatile asset (45%).

For many, investing in cryptocurrencies is still to be considered ad high risk. 61% of those questioned are aware that the value of a cryptocurrency could drop by as much as 80% within a few days. 58% instead believe that this type of investment represents a low or medium level of risk, regardless of the level of return obtained, while the remaining 42% perceive it as a high-risk investment, regardless of the expected return.

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