Tokens pose lesser risk than gold and oil for UK investors: Survey

A survey on investors across the United Kingdom has revealed a growing interest in the new asset classes that threaten to overshadow traditional finance – driven by factors such as ease of access and an adolescent crypto market. 

Among the 2000 UK residents that were surveyed by OnePoll via Tokenise, 81% of the responders chose tokens as the safer and more secure alternative to traditional investments such as gold, oil, shares and real estate:

“Driven by a difficult climate for traditional investment vehicles due to the pandemic, low-interest rates and inflation, the time is right for tokens to take center stage.”

Out of the lot, 24% revealed interest in investments in tokens or nonfungible tokens (NFT) in 2022, which highlights a “critical tipping point” for token adoption. As a result, the rising interest is complemented by a growing number of providers and exchanges that intend to capitalize on the demand.

Some of the key drivers for nearly 55% of the existing crypto investors across the UK include influencer marketing via artists, musicians and collectors while 49% got roped in by the ability to make purchases through app-based marketplaces:

“Some 41% of Londoners are ready to buy, use or trade a token (such as an NFT) in 2022.”

The most prominent age group (46%) that prefer investing in tokens and NFTs in the UK are aged between 18-24 years, out of which, 53% cited the ability to invest using apps or online portals as a major influencing factor.

On the other hand, the survey uncovered the importance of education in promoting crypto-based investments. Further underscoring the importance of regulated exchanges, the survey reveals:

“When it comes to tokens, nearly half or 47% are yet to invest because they do not know enough about tokens, while 34% do not know an easy and safe way to invest.”

The research also shows that women have lower exposure to tokens and NFTs as compared to men but equally prefer online platforms for investments. Interestingly enough, 59% of women investors revealed to seek some kind of connection to the underlying asset prior to investing. 

Related: FCA issues termination order for Bitcoin ATMs

On March 11, United Kingdom’s central financial regulator Financial Conduct Authority (FCA) directed all non-registered crypto ATMs to immediately closed down or be subject to undisclosed additional action.

As Cointelegraph reported, FCA cited three key reasons for the sudden enforcement such as lack of regulatory structure, the high-risk potential of fluctuating assets and the importance of upholding the principles established within the Money Laundering Regulations (MLR).

All Dutch and English crypto news!

44 centrale banken praten in El Salvador over Bitcoin en financiële inclusie

Sinds dinsdag zijn 44 vertegenwoordigers van verschillende centrale banken en financiële instellingen neergestreken in El Salvador. Het hoge bezoek komt voornamelijk uit ontwikkelingslanden. De president van...

Analysts note parallels with March 2020: Will this time be different?

Analysts in both crypto and traditional markets have noted some startling similarities between the recent downturn and the one caused by a pandemic panic in...

German BaFin official calls for ‘innovative’ EU-wide DeFi regulation

Birgit Rodolphe, an executive director at Germany's Federal Financial Supervisory Authority (BaFin) has called for innovative and uniform regulation of the decentralized finance (DeFi) space...

Ethereum’s popularity ‘a double-edged sword’ — a16z’s State of Crypto Report

Crypto venture fund giant Andreessen Horowitz (a16z) has highlighted that development and demand on Ethereum is "unmatched" despite the network's high transaction fees. The firm does...

Beste exchanges

Koop je crypto bij Bitvavo