According to the ECB, there were significant differences between the countries. In the Netherlands, for example, more than 14% of households hold investments in digital currencies such as bitcoins and 6% in France.
High and low incomes
In addition, high-income and low-income households are more likely to have crypto investments than middle-income households, according to the report. Young adult men and highly educated people invest relatively more often in the coins.
ECB President Christine Lagarde recently lashed out at cryptocurrencies. According to her, they have no underlying value and investors in digital currencies run the risk of losing their investment completely. There has been a lot of turmoil in crypto trading lately, with significant drops in value.
In a new episode of the podcast Matter of Cents Martin Visser analyzes the current developments on the stock exchange, the crypto market and the policy of the ECB: