Forsa survey: This is how cryptocurrencies are accepted in Germany

Crypto space has an age problem
Influencing factor for investment behaviour: household income level
More than four times as many men as women have invested in crypto

The opinion research institute Forsa conducted a survey on cryptocurrencies among 1,004 representative selected German-speaking people aged 18 and over in private households by telephone for the crypto site BTC-ECHO. That came out in the survey on Bitcoin & Co.

Crypto investments age-dependent

As reported by BTC-ECHO, the Forsa survey confirmed the age problem of the German crypto space, which was already widely known beforehand. The survey showed that only two percent of those over 60 are already invested in cryptocurrencies. Only three percent of this age group can imagine an investment in cryptocurrencies such as Bitcoin & Co. In the 30 to 39 age group, on the other hand, around 17 percent said they had already invested in crypto.

Investment dependent on income

According to the survey, another factor influencing investment behavior in the crypto market is the income level of households. According to BTC-ECHO, the higher the net household income, the higher the probability that cryptocurrencies have already been invested. However, it has also been shown that the net household income seems to be less important for those who can basically imagine investing in crypto. Almost as many respondents with a net income of less than EUR 1,500 as those with a net income of between EUR 1,500 and EUR 3,000 could imagine investing in cryptocurrencies. Meanwhile, 17 percent of those surveyed with a net household income of over 3,000 euros could imagine investing in Bitcoin and Co.

Gender Distribution & General Acceptance

According to BTC-ECHO, 491 men and 513 women were among the respondents. In terms of gender distribution, the survey revealed that 13 percent of men are already invested in crypto, while the figure for women is just three percent. However, almost as many women as men could imagine investing in cryptocurrencies in the future – 14 percent of women said this, and 16 percent of men.

In general, according to BTC-ECHO, the survey showed that Germans were still quite shy about crypto investments. Just over three quarters of those surveyed stated that investing in Bitcoin and Co. was out of the question for them. According to the survey, 15 percent can imagine investing in cryptocurrencies – but have not yet invested – and just eight percent of those surveyed already have cryptocurrencies in their portfolio. About 1 percent of respondents said they didn’t know. 228 people were basically interested in cryptocurrencies, while 776 of the respondents were neither invested in cryptocurrencies nor interested in them.

Bitcoin ban

With regard to a Bitcoin ban in the EU that has been much discussed in the recent past, according to BTC-ECHO, about the same number of women and men said they were more in favor of a ban. 28 percent of women said they were more likely to be against a ban and 22 percent said they didn’t know. Meanwhile, only 10 percent of men chose the answer “don’t know” and 42 percent of men were more likely to oppose a ban.

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