The standard investor in digital assets is male and around 38 years old. The research also presented that eight of ten Spaniards have not invested in digital assets.
Three-quarters of the Spaniard population have heard of or know the existence of the cryptocurrency sector; this statement is what the National Securities Market Commission (CNMV) says about it. A report revealed by the entity gives valuable information on how bitcoin and digital assets have permeated Spanish society.
The research, revealed under the title: Study on cryptocurrencies and the effectiveness of the measures encouraged by the CNMV, also presents the grade of knowledge the people have about digital assets.
Only 1.4% of those who attended the survey highlighted they have enough knowledge about Bitcoin. 6.9% assured that their awareness of the subject is standard. And 22.2% claimed they know the fundamentals of digital currencies.
The dominant group counts for 45.3% and has heard the words “bitcoin” or “digital assets” in some media outlets. Finally, 24.2% of those surveyed expressed that they are completely unaware of information or the existence of the sector.
In any case, the figures are quite different when the 1,500 Spaniards taking part in the survey got asked if they invested or will invest in bitcoin or digital assets. 82.9% responded they did not invest in digital assets and will not. There are 10.2% who could invest in the future and 6.8% who have bought digital assets.
Who Invests in Bitcoin and Digital Assets in Spain?
The organization achieved these results due to a study applied to 300 investors, which got selected as a model to represent the current situation with digital assets in Spain. Most investors in Spain invest less than 5% of their capital in these cryptocurrencies.
Other data that the research revealed is that most investors in digital assets have university studies, and their general profit is more significant than monthly 3,000 euros.
In addition, almost all of them make purchases of digital assets only occasionally when opportunities arise, when they consider good entry points or when they have money to invest. Plans such as Dollar-Cost Averaging are not among the most widespread in Spain.
Spanish Investors Know the Warnings of the CNMV
Most people who know about digital assets know the warnings the CNMV has made about these tools. The agency considers these assets a financial bubble that could harm the economy.
Days ago, Rodrigo Buenaventura, president of the Commission, expressed that most investors “have come together because of the promising results of those who entered at the beginning specifically through currencies such as bitcoin.
Analytics firm Glassnode shows that even with the recent price drop, more than half of Bitcoin addresses are in profit (measured in fiat money).
By: Jenson Nuñez
