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Topic: Cryptocurrency is the second most popular investment in "France" (Read 702 times)

hero member
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I would not be surprised by the results of this survey because if we conducted this survey with young people in all countries the results would not be much different. Even we ourselves can feel it in our own country. In my country, the majority of young people are investing in cryptocurrency, even first and second year students spend time investing in cryptocurrency. Life is getting harder and the need to make money is getting bigger and cryptocurrencies are attracting great attention when it comes to generating big profits. Therefore, it is obvious that young people invest in cryptocurrency.

I'm glad to see these kinds of numbers in France as well; I don't think this is surprising since I think there will be more investors in cryptocurrencies in the future. In fact, I think many other countries will have a similar number of investors as France has, as they have demonstrated more than any other nation. What surprises me, though, is the number of investors themselves, as even the survey has turned into proof to convince people.

Since many countries do not allow bitcoin, that is not a bad thing. However, I think that when some countries that recognise the value of bitcoin become successful among the rest, it will make them feel good about bitcoin. To be honest, those who believe in bitcoin will undoubtedly become successful people in the future because holding a bitcoin now is like holding an important thing.
Governments may try to do everything to stop people from adopting bitcoin, however the truth cannot be hidden, if you see that your neighbor bought a new car or they are making plans to improve their house and you ask them how they got their money, and the answer they give you is that they did this through bitcoin, then it is obvious you will become interested on this market, and the more this happens the more people will come and increase the positive outcomes people get out of this market even further.
sr. member
Activity: 742
Merit: 349
I would not be surprised by the results of this survey because if we conducted this survey with young people in all countries the results would not be much different. Even we ourselves can feel it in our own country. In my country, the majority of young people are investing in cryptocurrency, even first and second year students spend time investing in cryptocurrency. Life is getting harder and the need to make money is getting bigger and cryptocurrencies are attracting great attention when it comes to generating big profits. Therefore, it is obvious that young people invest in cryptocurrency.

I'm glad to see these kinds of numbers in France as well; I don't think this is surprising since I think there will be more investors in cryptocurrencies in the future. In fact, I think many other countries will have a similar number of investors as France has, as they have demonstrated more than any other nation. What surprises me, though, is the number of investors themselves, as even the survey has turned into proof to convince people.

Since many countries do not allow bitcoin, that is not a bad thing. However, I think that when some countries that recognise the value of bitcoin become successful among the rest, it will make them feel good about bitcoin. To be honest, those who believe in bitcoin will undoubtedly become successful people in the future because holding a bitcoin now is like holding an important thing.
hero member
Activity: 2338
Merit: 517
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IMO these surveys should have the margin of error and ratio on what actually it shows based on the demographics of that country.
But of course, even without that and with such simple surveys. We can see that France is becoming one of the countries that have people aware of cryptocurrencies now.
It's also possible that someday that it's going to be a number one preference of many young investors of a country but, we don't know when and only time can tell.
sr. member
Activity: 700
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It seems that many young people in France are aware of the potential of cryptocurrency so many of them have decided to invest in this instrument. Even though cryptocurrency actually refers to a payment system rather than an investment instrument, it doesn't matter as long as there are more people who hold or use cryptocurrency either for their transactions or investments. I hope that this crypto investment trend will not only boom in France, but in more countries globally.
I think not only young people in France are so aware of Bitcoin but also the youth of other countries are very aware of Bitcoin. Maybe the young people in France publicized their investment so that people would know but most of the smart people do not publicize Bitcoin investing. Cryptocurrency investment is sure to pay you but it must take time to invest and hold for a long time until the price of Bitcoin reaches a high level. You are right that not only in France but also in other countries these bitcoins are circulating but they are not the only ones being published. Especially in the country where I live bitcoin is totally illegal but people don't know that bitcoin is liked in our country everyone knows bitcoin is out of circulation in our country. But one thing is that our country also has a lot of bitcoin transactions and everything but because of legal offense people in my country are not revealing anything about bitcoin. So we can say that Bitcoin is in circulation all over the world, the only difference is that it is published in many countries and not much.
sr. member
Activity: 1106
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It seems that many young people in France are aware of the potential of cryptocurrency so many of them have decided to invest in this instrument. Even though cryptocurrency actually refers to a payment system rather than an investment instrument, it doesn't matter as long as there are more people who hold or use cryptocurrency either for their transactions or investments. I hope that this crypto investment trend will not only boom in France, but in more countries globally.
legendary
Activity: 2716
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I don't know how this type of news comes out whenever Bitcoin approaches a rally but I can say they're often timely. This is timely, no doubt, and it will give a push to the incoming rally and occasion a rally before a rally kind of feeling in the market. Maybe this will even suggest that more surveys be carried out across countries to ascertain their level of crypto investments. The France survey is an indication that a momentum is building up for Bitcoin. It's going to be a huge rally, I trust.

As Bitcoin gets more popular, the adoption is inevitable and more investors will be investing in the currency which is why we're still early and it'll be ideal we seize that opportunity and accumulate Bitcoin.
Frankly, literally, it will be a tragedy for anyone who's a member of this forum not to latch on to this opportunity before this coming halving to buy and hodl Bitcoin. If they wait till the rally proper begins, they're going to chase price and that's tantamount to being forewarned yet refusing to be forearmed.

I see Bitcoin forecasting as an investment and not for settling payments.
I've seen another member who agrees with my position that Bitcoin is more of an asset than a payment option. Yes, maybe Satoshi's original plan was for it to be a payment option that will cut off the bottleneck called middleman but what has given Bitcoin more coverage has been the asset part.
hero member
Activity: 2114
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I can see that the survey looks very legit. More than 8k people were surveyed, and the results are supposedly representative of the adult population, which I think it's probably true. I didn't know investing was such a popular thing in France, as 1 in 4 people invested in something, and that 9.4% is from the adult population of France, so we're talking about millions of crypto investors in France.
I'm happy to see such great numbers in France, and it would be interesting to follow the dynamics in the future (does the percentage go up, down, stay the same).
You are surprised about the popularity of investment probably because people who are investing don't really shout out their investments or their ventures, I mean most of the people around the world don't really talk about it anyway not to mention that most investment or investing companies don't have any advertising of what they offer. When you put the percentage into a raw number, I felt insignificant and surprised that millions of people are invested in crypto maybe because I am locked in this cage we call forum that I thought that this is all the people that are interested in crypto.

Yep, for the forum members relating things around us with crypto is pivotal stuff these days. Why it shouldn't be? That is the sole reason we have been in this forum for very long. There were different surveys that we discussed earlier also and it seems from every crypto country there is always all or some of the crowd who at least know about Bitcoin or other crypto coins and many of them do use it. This usage could be for anything from making profits on trade to holding the crypto in their wallets. I am pretty sure in the coming decade things will escalate to new levels.

I see a good correlation between the future and Gen Z. They want to try out new stuff regularly. With added courses about blockchain in the education system, they will push themselves towards crypto a lot. Whether it is developing a new crypto-based projects or evolving the existing ones they will make good use of crypto for sure.
legendary
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@m2017, every research should be taken with a grain of salt, because the results of such research can be bad due to the bad methodology used, but as we have often seen in the past research can sometimes be done to encourage people's interest in something, and in this particular case case to encourage people to invest in cryptocurrencies.

It is not difficult to conclude who profits the most from such "research", and if we were to take an average of people who own cryptocurrencies in them, we would come to the conclusion that at least 10% of people in the world own them. To me, the figure of 800 million people seems quite exaggerated at the moment, of course, especially if we are talking about Bitcoin, where a realistic figure that many agree on is about 2% of the total population.
legendary
Activity: 1792
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~snip
9.4% of the French population invests in the crypto-assets? 68,042,591 people (I Googled it on purpose), this is the population of France in January 2023. That is, it turns out to be 10 million people? This is almost 1/10 of the country's total population. I again assume, like any statistical data, this information is incorrect, that is, false. Most likely, these “researchers” interviewed a certain number of people-respondents (a couple of hundred or thousands at best) and based on this they are already drawing conclusions and inventing indicators. Liars, what can I say.


UPD. This is what turned out to be in that document.

"The Audirep survey Institute conducted a large study in the
spring of 2023 at the request of the OECD. The first part
questioned 1,056 new retail investors in shares, funds,
crowdfunding or crypto-assets about their motivations,
attitudes and behaviour."


Statistics are another form of lies.
legendary
Activity: 966
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According to the recent Survey it comes to know that cryptocurrency is the second most popular Investment in the France. This Report was published on 13 November.

Hehe, Seems like I've missed a lot on the forum this month due to absence. Anyway, I'm not sure about this survey or France, but here in my region, the Bull Run hype is going crazy. (Even though I was visiting the threads in different sections from time to time due to a shortage of time you know many hot topics got ignored especially in this section). Haha, most of the topics in November I've encountered were related to the Network fees, somehow.

Super crazy, Everyone wants to make some extra bucks so they even prefer the crypto market as a more potential market compared to Gold or Real estate. In the risk investment market crypto owns a legendary recognition. Almost all of my day-to-day friends & connections are somehow connected to the crypto market.
full member
Activity: 476
Merit: 227
This Is probably a very good decision of young generation to adopt the cryptocurrency assets as part of investment. The propensity of cryptocurrency as an investment is increasing day by day. Well, i think those days are not so far when everybody will talk about "investment in cryptocurrency."

This goes to show how far Bitcoin (and cryptocurency in general) has come, give it more time and Bitcoin will be the most popular investment in France and other parts of the world (on some it's already the most popular especially the 3rd world countries or those their local currency is suffering form inflation). The Real Estate business is old and trusted by both the old and young so it'll be leading the charts for now but that won't be long. Investing in Bitcoin is very convenient when compared to the other forms of investment and that's why it's growing rapidly on the younger generation as they're more into investing in assets that won't stress them and also can give them profits without having to wait years for the investment to grow.

As Bitcoin gets more popular, the adoption is inevitable and more investors will be investing in the currency which is why we're still early and it'll be ideal we seize that opportunity and accumulate Bitcoin. I don't see any other assets overtaking Bitcoin and cryptocurency investment anytime soon because the industry is constantly evolving/developing and new opportunities are been introduced into the industry that attract young investors to keep the market active. While most of them are not advisable to  participate in but still they're attracting new investors to the market which is a good thing overall.

Yes Dear, Your words are so true ... I mean the adoption of bitcoin by many country is on the way AFAIK El salvador has accepted bitcoin as its legal currency and i know you also may know this already. This thread and another thread which i shared In Bitcoin Discussion as news where Germany's fourth largest bank "Commerzbank" Granted Bitcoin Custody Licence proves your words correctly that adoption of bitcoin is getting fast day by day as an part of investment. These kinda news makes it more trustworthy investment all among those people who don't believe in its potential.
hero member
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dont be greedy
Gen Z is all about technology, and this is their era. They could really benefit from the presence of technology, including cryptocurrency. I see the ease of access to cryptocurrency as a major reason why many people choose it as a more friendly investment model. Instead of diving into real estate business, it's better to try something easier and more realistic within a broader budget range.

If someone invests $10,000 in ETH and it goes to zero they will lose $10,000 worth of assets, but if they make $10,000 from here they will make $10,000 more wealth in a short time.
If you mean the price of ETH going to zero, that seems impossible. Even though ETH comes with some questionable decentralization features, it's still better than some other altcoins out there. A 100% increase is still possible as long as the crypto world is growing and BTC leads all cryptocurrencies.
legendary
Activity: 1554
Merit: 1139
I can see that the survey looks very legit. More than 8k people were surveyed, and the results are supposedly representative of the adult population, which I think it's probably true.
With more than 8,000 individuals haven’t participated in the survey, it is a good enough number to consider it valid while focusing within that particular age grade of 36-50 range but, using it for a generalization on the entire France population, it’s hardly significant as this consists of various age grades as per below 36 and above 50 years of age. More over, the French population numbers about, 67.75 million persons of which, a survey of 8,000 is highly insignificant too.

On top of that, it’s a welcomed development and tells a lot on how the cryptocurrency industry has grown in France within its short life span and how much could be expected in years. Despite the lack of support from the government, the consensus of the people is all it needs and it’s getting it.
hero member
Activity: 2884
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I am terrible at Fantasy Football!!!
The data we get from the survey makes sense as young people understand technological terms more easily than old ones, whose brilliance can not justify something that they can not see. That is the reason old people want to invest more in physical objects than digital ones. Not only in France but also in the rest of the world we can see the same scenario. We are getting a generation of people who understand the technology and can support it for a few decades. 

Crypto is more popular among young investors due to its volatility as well. They saw it as an opportunity to become rich quickly by ignoring the risks it posed. In the risk and reward ratio, the reward is so big that they just ignore the risk. If someone invests $10,000 in ETH and it goes to zero they will lose $10,000 worth of assets, but if they make $10,000 from here they will make $10,000 more wealth in a short time.
Another reason which may be fueling this interest in cryptocurrencies by the young is that if you take a look at anything else I get the impression that almost every other asset is massively inflated already, so an investor that understand this does not really have a lot of places where to invest their money other than this market, as even if the price of bitcoin is high, and it is bound to get higher during the upcoming bull run, if we really think long term its value is very low compared to the new heights that it could reach.
full member
Activity: 504
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The data we get from the survey makes sense as young people understand technological terms more easily than old ones, whose brilliance can not justify something that they can not see. That is the reason old people want to invest more in physical objects than digital ones. Not only in France but also in the rest of the world we can see the same scenario. We are getting a generation of people who understand the technology and can support it for a few decades. 

Crypto is more popular among young investors due to its volatility as well. They saw it as an opportunity to become rich quickly by ignoring the risks it posed. In the risk and reward ratio, the reward is so big that they just ignore the risk. If someone invests $10,000 in ETH and it goes to zero they will lose $10,000 worth of assets, but if they make $10,000 from here they will make $10,000 more wealth in a short time.
sr. member
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Surveying young people is very effective in illustrating the future development of Bitcoin and other Cryptocurrency. They still have a longer chance of living (in theory), they also have a lot of innovation in determining the direction of their investment and other uses of Bitcoin as a means of exchange for goods and services.
The majority of young people really like Bitcoin because it is considered to make it easier for them in many ways, Bitcoin also gives them the opportunity to change their lives for the better from the results obtained through investment. The minds of today's young people and those of people who lived before Bitcoin existed are very different in terms of investment, so it is very natural that the survey institute chose young people to see how Bitcoin will develop in the future.
full member
Activity: 406
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I would not be surprised by the results of this survey because if we conducted this survey with young people in all countries the results would not be much different. Even we ourselves can feel it in our own country. In my country, the majority of young people are investing in cryptocurrency, even first and second year students spend time investing in cryptocurrency. Life is getting harder and the need to make money is getting bigger and cryptocurrencies are attracting great attention when it comes to generating big profits. Therefore, it is obvious that young people invest in cryptocurrency.

As the need to earn money increases, the young generation is looking for many options. Cryptocurrency is the easiest and most accessible option to invest. For this reason, the young generation is investing in crypto with great participation. Young people investing in the future have great expectations, and they need to start somewhere to realize these expectations.

Since we are in the internet age and we are in an environment where it is easy to access information, the new generation is learning and investing in crypto.

In order to invest in real estate, you must have a capital above a certain amount. Many people do not have this capital, but there is no lower limit for investing in crypto. That's why cryptocurrency investments are increasing day by day.

As you said, if we conducted this survey in many different countries, the results would be generally the same.
sr. member
Activity: 812
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According to the recent Survey it comes to know that cryptocurrency is the second most popular Investment in the France. This Report was published on 13 November.


According to this survey, the second higher propensity among the youngsters is cryptocurrency investment with the ratio of 9.4%. The majority of the investors are men with the ratio of 64% and from these most of the investors are youngsters. Their age very between 36 to 50 Years. In this ratio 54% people holds crypto-assets. source


This Is probably a very good decision of young generation to adopt the cryptocurrency assets as part of investment. The propensity of cryptocurrency as an investment is increasing day by day. Well, i think those days are not so far when everybody will talk about "investment in cryptocurrency."


Am so surprised to have seen France at the top of it with real estate then followed by cryptocurrency as their topmost investments, this is a sign that bitcoin is fast growing in the country and the people are accepting it use for their daily economy, in finance, or asset management, they are well performing with this two among the most recognized asset of an investment, there's no doubt that bitcoin is the reason why other cryptocurrencies are being included as an assets even though bitcoin still remains the most valuable one.
legendary
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This survey looks interesting to me. The findings as well as the investment options provided made me a little curious. Crypto assets almost making it equal with the top choice which is real estate funds? And then there's also NFTs as the top 9 most popular investment option?

These are surprising to me, to say the least. And then I also cannot find precious metals and stones like gold and silver. There are also no jewelries. And to a country which attracted artists for centuries perhaps, and has abundance of artworks, and where the city of art is located, I didn't see artworks. Surely, NFT hasn't replaced it?

I think a lot of important input must be considered here. I believe that it also depends where you ask. I think if people live in cities, it is more likely that they have been in touch with crypto one way or another, like meet ups etc. But assuming that they really asked people in that age range randomly, around 10% is definitely realistic. In rural areas some other assets might be more dominant because of different lifestyles, like land and housing (real estate). But crypto is all over the place when I talk to people about investments. The times are over when people were shocked when you tell them that you are "one of these dudes who invest in shady Bitcoin".

I wonder how long it will take until banks actively advertise Bitcoin Cheesy
sr. member
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I would not be surprised with the result of the survey since the French government is all out supportive about the cryptocurrency development. Trading and hodling bitcoin as well as other cryptocurrencies are legal in their country, and this motivates more the young generation to seize every opportunity investment when it comes to crypto, most particularly bitcoin. Its a good thing about the French government as they never limit their people to only trust fiat, but trust in crypto as well as it could create more financial security in the future when their crypto investment has paid off.
The governments of the European Union countries are almost all positive about cryptocurrency. Therefore, in the EU, laws and other by-laws that are friendly to cryptocurrency have been partially adopted and are being adopted, and there is a moderate regulation of its circulation in these countries. So this is not entirely news both for France and for the EU countries as a whole. Also, young people have always been more interested in cryptocurrency than older generations. This means that over time, cryptocurrency will be more in demand and spread more throughout the world.
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