Going heavy on crypto

Going heavy on crypto

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Which country has the highest cryptocurrency investment penetration? Well, close to one in 10 Luxembourgers already owns a cryptocurrency. And Bitcoin is the favourite crypto, ahead of Ethereum, Bitcoin Cash and Ripple, while some favour Litecoin, Stellar and EOS, according to research conducted by TNS Ilres.

As far as outlay goes, 20% of investors have put up to €500 into cryptocurrencies, 28% up to €2,500, 13% up to €5,000, 9% up to €10,000 and 2% have invested more than €10,000.

And 75% of residents say they have heard about cryptocurrencies. But it comes as something of a surprise that only a scant 8% of the population of one of Europe’s leading financial centres are able to say that they fully understand the concept of crypto.

Image: TNS Ilres

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