The purchase of cryptocurrencies is more common in Spain than in Italy and France, but the French allocate larger sums, up to 100 thousand euros, to investments in virtual currencies. It is one of the elements that emerges from the survey carried out by the OAM on a sample of citizens of Spain and France whose results were compared with those emerging from the analysis relating to Italians published at the end of 2022.
THEpurchase of cryptocurrencies it's more widespread in Spain compared to Italy and France but the French are the ones who invest the largest sums, even up to 100 thousand euros, in virtual currencies. This is what emerges from asurvey conducted by the OAM, the Agents and Mediators Body, on a sample of citizens of Spain and France whose results were compared with those emerging from theanalysis relating to Italians. The two nations are chosen as to the extremes for the use of cryptocurrencies: in Spain the highest level while in France the lowest. The survey involved a sample of 1.450 subjects.
Cryptocurrencies: Spain aims for high yields, Italy and France to diversify
In Spain, around 40% of the Spanish sample who had heard of virtual currencies said they had bought digital currencies in the past. The Italian and French samples follow, with past investment percentages of 30% and 27% respectively. The Spaniards aim for high returns and French and Italians diversify the portfolio. In particular, 69% of the Spaniards interviewed declared having invested a maximum of 10.000 euros, while in the French sample 15% invested between 25.000 and 40.000 euros, and 4% exceeded 100.000 euros. Most of the Italian sample (59%) invested between 0 and 10.000 euros in cryptocurrencies.
Cryptocurrencies: Bitcoin and Ethereum are the favorites
Il Bitcoin and the most purchased cryptocurrency, with 64% of the French and Spanish samples declaring they have it in their portfolio, followed by 59% of the Italian sample. 36% of Spanish respondents diversify the types of cryptocurrencies they buy more. The crypto Ethereum it is the favorite for Italians and French, after Bitcoin for 23% and 22% respectively.
The French are the ones who tend to buy cryptocurrencies more so independent (45% compared to 42% of the Italian sample) with differences of 63% of the Spanish which makes use of a exchange for their investments. Cryptocurrencies, once purchased, come held in exchanges for about half of the respondents.
Cryptocurrencies: more financial literacy in Italy
The survey revealed that Italians have a slightly higher level of financial literacy, with a score of 4 out of 5, compared to Spain (3,9) and France (3,8).
About the individuals who have not invested in cryptocurrencies, the Italians and the Spanish were discouraged by the lack of knowledge necessary for the purchase (44% and 41% respectively), while for the French the main reason was the excessive riskiness of the asset (42%) .
La breakdown by gender it is quite fair, with a prevalence of the female component. The survey also measured the level of knowledge of cryptocurrencies, with the Spanish sample presenting the highest degree of medium-high knowledge (45%), followed by the Italian sample (42%) and finally by the French sample (38%). .
Cryptocurrencies: the risks associated with investments
Sui risks associated with investments in virtual currencies, the Spaniards (72%) are the most aware of the volatility that a cryptocurrency could record in the space of 24 hours. The French follow with 70%. 31% of Italians would have no idea of the degree of volatility of cryptocurrencies.
Half of Italians and Spaniards are afraid of a possible hacker attack to their cryptocurrency portfolio, while only 22% of French people say they are very worried.
Sul future of cryptocurrencies 64% of the French do not believe that their use exceeds that of legal tender coins, while the Spanish and Italians are more confident that they will be used more than traditional currencies.
