Every Tenth Irish investor owns a cryptocurrency: a study by the competition and consumer protection commission

A study by the Irish Competition and Consumer Protection Commission (CCPC), published on September 16, highlighted an important aspect of the massive investment trend. The CCPC is a legal entity that promotes consumer compliance and compliance in Ireland. Here are the results of the survey: Media: 62% of the 1,000 respondents use the Internet to obtain information about investments. Media platforms, 38% seek advice from banks or financial advisors. Investment type: More than half, 56% of investors prefer to invest online. Online investing options are more popular with people under 35. Under the age of 35, 36% prefer a trading platform or mobile app such as XTB or Etoro. 29% of this age group use online financial services.

For one in five, the most popular investment options are stocks. The second most popular investment option is government or corporate bonds, which are preferred by 12% of Irish investors. 11% of investors own digital assets, and a quarter of Irish youth speculate in cryptocurrencies. According to the survey, more than 1 in 10 Irish investors have invested in one or more crypto assets. Cryptocurrency investors in the 25-34 age group increased by 25%. This group of investors is most open to bitcoin or other digital coins. Women are 38% more likely to invest due to low interest rates. 26% invest in personal satisfaction. 47% of those under 35 invested in the experiment.

Based on the results of the study, CCPC Director of Public Affairs Graine Griffin concluded that Irish citizens are changing both in how they invest and how they find information about investments. According to Griffin, the survey clearly shows the transition to digital investment, especially among young people in Ireland.