Study: Nearly 40% of young Spaniards are considering investing in cryptocurrency
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Answer Study: Nearly 40% of young Spaniards are considering investing in cryptocurrency
According to recent research, 38% of Spaniards between the ages of 25 and 40 are planning to enter the cryptocurrency market in the coming months.
While 21% of the survey respondents have already invested in bitcoin or some other altcoin.
Spaniards and Cryptocurrencies:
The Spanish bank “Rebellion” conducted survey To determine if young Spaniards are considering jumping onto the cryptocurrency bandwagon in the near future.
According to the results, more than a third of the participants answered “yes.”
Investing in cryptocurrencies is the most attractive investment product among the Spanish population aged 25-40, with about a fifth admitting that they have already put money into the crypto market.Read:2022 could be the worst year for the crypto market so far…Here are the reasons!
Pension deposit funds came in second with 19%.
The survey also revealed the most important reasons that drive young people to discover cryptocurrencies.
27% of respondents think cryptocurrency is a “good investment,” while 27% praise Bitcoin and altcoins as the future of payments.
While 17% answered that they know nothing about cryptocurrencies.
Sergio Ciro, CEO of Rebellion, said:
Digital currencies will be an important factor that must be taken into account in the future.
The time has come for companies like ours to embrace the cryptocurrency category.
The world of payments is changing and now it’s time to decide whether we want to participate in that change or not.
It is only a matter of time before large institutions and organizations start accepting it as a form of payment.
Blockchain technology invades Spain:
Young people are not the only part of Spanish society that supports the cryptocurrency industry.
According to another report, 25% of Spanish companies have been exposed to blockchain technology at some point.
The number of active cryptocurrency users in Spain has reached 11%, a significant percentage showing significant growth compared to the 1% recorded at the end of 2019.Read:Japan declares war on criminal activities related to cryptocurrency
In addition, 46% of large companies in Spain support integrating blockchain technology to increase their security in the future.Read:The launch of the first laptop based on blockchain technology
Jesus Rodriguez, CEO of REALSEC in Spain, noted:
Although the use of blockchain technology solutions is gaining increasing acceptance in the Spanish industry, there is still a need to work on its efficiency.
The new economy is forcing the adoption of new business models based on digital innovation.
In this context, the blockchain is starting to be seen as an effective technology that contributes to reducing costs and risks and as one of the main technical strategies that want to integrate a large number of companies.
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