Home » According to a recent study, more Brits purchased cryptocurrency than stocks last year.

According to a recent study, more Brits purchased cryptocurrency than stocks last year.

According to a recent study, more Brits purchased cryptocurrency than stocks last year
According to a recent study, more Brits purchased cryptocurrency than stocks last year

Over 70% of bitcoin investors in the United Kingdom claimed to have made a profit.

Brits are more interested in investing in cryptocurrencies than in conventional equities and shares, according to a new study.

According to AJ Bell, a financial services company based in the United Kingdom, 7% of British adults purchased cryptocurrencies in the previous year, compared to 5% who invested in stocks and shares individual savings accounts (ISA). A stocks and shares ISA is a kind of savings account that allows investors to invest tax-free on earnings and capital gains.

If you are interested to start your journey in the Financial Markets, then here are the best free Automated Trading tools which will help you Flip risk to your advantage (AD)

CryptoDroid – Proven Trading System for Crypto Enthusiasts (Click here to Open a Free Account)

Crypto Master Bot – Best Suitable for Scalpers and Short Time Frame Traders (Click here to Open a Free Account)

Leave your details below for a case review from a qualified fund recovery company.

 

    Find Out Now, an online market research monitoring service, surveyed 1,269 people for the study. According to Laith Khalaf, a financial analyst at AJ Bell, the findings “contradicted long-held beliefs”: “When more individuals purchase cryptocurrencies than stock market Isas, one has to assume that the world has gone crypto insane.”

    According to the research, crypto investors are mostly men under the age of 35, with 71% reporting a profit and just 12% reporting a loss in the previous year. Surprisingly, 17% reported having no notion how much money they had earned or lost on bitcoin investments.

    According to a March survey conducted by the United Kingdom’s think tank Parliament Street, 52% of 2,000 respondents would rather invest in the stock market or traditional assets such as gold than in cryptocurrency, with a third stating that they will refrain from investing in cryptocurrency due to their belief that they have already “missed the boat.”

    If you are interested to start your journey in the Financial Markets, then here are the best free Automated Trading tools which will help you Flip risk to your advantage (AD)

    CryptoDroid – Proven Trading System for Crypto Enthusiasts (Click here to Open a Free Account)

    Crypto Master Bot – Best Suitable for Scalpers and Short Time Frame Traders (Click here to Open a Free Account)

    Leave your details below for a case review from a qualified fund recovery company.

     

      According to the analyst at AJ Bell, a new research shows that younger generations are more confident in their understanding of cryptocurrencies, but Khalaf remains sceptical. “It seems as if some consumers are jumping into the cryptocurrency pool without first learning to swim in calmer seas,” Khalaf said.

      “The young demographic of crypto purchasers indicates they have amassed little assets to date and may suffer severe financial consequences if crypto markets take a turn for the worse,” Khalaf said, urging investors to maintain a diversified portfolio that is not too exposed to bitcoin.

      Elon Musk’s impact on Bitcoin markets, the expert notes, is “barely indicative of broader corporate sentiment about Bitcoin,” alluding to some of his recent comments.

      According to the Express in the United Kingdom, statistics released last week by Her Majesty’s Revenue and Customs demonstrate that the present bitcoin investment craze is showing no signs of abating.

      Leave a Reply

      Your email address will not be published. Required fields are marked *