Only 13% of Brits have digital assets - CEX.io Survey
|- The vast majority of Brits preferer to stay away from digital assets.
- Lack of knowledge and low security are the main factors that hold them from buying cryptocurrencies.
The London-based cryptocurrency exchange CEX.io surveyed over one thousand respondents in the UK and learned that only 13% of British citizens hold digital assets. If we consider that the research reflects the actual state of things in the UK, then cryptocurrency adoption is still a distant dream for the country.
However, the survey also revealed that 35% of the cryptocurrency owners have digital assets worth over £100,000 ($126,300). Bitcoin was recognized as the most popular asset, which is hardly surprising. Though, 43% of respondents said that they also held some other coins or tokens.
Meanwhile, 18% of crypto holders confessed that they tried to make money by participating in online activities like cryptocurrency trading, esports, or online bets.
Out of those who have no digital assets as of yet, 28% of respondents said that they did not have enough knowledge about this type of assets, while 12% were wary about lack of security.
Meanwhile, over half of the participants didn't provide an apparent reason why they stayed away from buying cryptocurrencies.
Wells Fargo/Gallup had a similar poll in the US last year. It revealed that only 2% of respondents owned Bitcoins, while less than 1% had an intention to buy it in the near future.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.