UK Research: One in Five Wants To Invest In Crypto
One in five people in the UK who have never owned any crypto-currencies would consider buying some over the next three years. This is a new research of 1,000 UK adults from international communications agency called Citigate Dewe Rogerson.
The findings, which are published in a new report entitled: ‘Investor Perception: Crypto-Currencies’, reveals that of those people who have no plan to buy or invest in crypto-currencies, 67 % said it’s because they are too risky or volatile. This is followed by 61 % who said they don’t know enough about them, and 43 % who said there is not enough regulation to protect investors.
The other 16 % think it was because they don’t know where to buy or trade them, and 10 % said there are too many digital coins to choose from and don’t know which ones to go for.
The Executive Director at Citigate Dewe Rogerson Phil Anderson said:
“Our research shows that many investors are tempted to dip their toe into the crypto-currency marketplace, but there are a number of obstacles preventing them from doing this’’.
The separated research with 30 financial professionals shows that 73 % anticipate that between now and 2020, there will be more regulation introduced around crypto-currencies protecting investors.
Just under one in three (30 %) believe that crypto-currencies will never stabilise. Nearly one in five (19 %) think this will happen within the next three years, 22 % believe it will happen between four and five years from now and 30 % think it will take longer than this.