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Research: Quarter wants to sell cryptocurrencies with a 1000 percent yield

Market researcher Multiscope has more than 4000 Dutch interrogated. According to the researchers, around 1.9 million Dutch people have invested money in cryptocurrencies. On average, this is about 8 percent of the group’s free capital that is in digital currency.

On average, men have slightly more of their assets in cryptocurrencies than women. That’s a difference of 2 percentage points (8% to 6%). Most investors are involved for the long term. They don’t have in mind a concrete amount or increase in value for which they would like to sell the coins.

Multiscope notes that people over 50 generally have the most money invested in cryptocurrencies. On average they spent 1360 euros per person. The 18 to 34-year-old group and the 35-49-year-old group invested an average of around 1,140 euros. The average investment in 2018 was still around 200 euros, according to the researchers.

Three-quarters of cryptocurrency owners say they want to keep their coins in their possession for as long as possible. Others aim for a return of at least 1000 percent. On average, young people are satisfied only when their investment increases in value by 1970%. Those over 50 are already happy that they have tripled their investment.

Cryptobeur

Recently, digital currencies have come under significant pressure. This is mainly due to the problems of the cryptocurrency exchange FTX. It was announced earlier in the weekend that FTX filed for payment deferral. Sam Bankman-Frieds’ crypto empire started to crumble as FTX’s currency, the FTT, fell in value.

The cryptocurrency exchange was struggling with liquidity issues due to that drop. Subsequently, rival cryptocurrency exchange Binance announced plans to take over FTX, but after due diligence decided against it. At least $1 billion from FTX customers are said to have disappeared without a trace.

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