VIENNA, Austria—Switzerland is the most crypto-friendly country, with “almost a quarter (23%) of the total population already owning cryptocurrencies,” according to a new study.
Bitpanda partnered with YouGov Deutschland GmbH to survey more than 6,000 Europeans from Germany, France, Switzerland, Austria and Italy to take a look at how attitudes towards crypto are changing, Crowdfund Insider reported.
Austria follows with 18%, while France has 14% and Germany 11%. Italy ranks lowest, with just 9% of its population owning cryptocurrencies, the study shows.
But cryptocurrencies aren’t just popular at the moment. When asked about future investing plans Bitpanda found “that 29% of the people surveyed plan to invest in cryptocurrencies within the next year and 46% of younger generations are convinced Bitcoin’s value will increase,” Crowdfund Insider stated.
Most Popular With Millennials & Gen Z
In total, almost one in three people under the age of 43 plan to invest in cryptocurrencies in the next 12 months, the study states.
The survey also reveals that Millennials and Gen Z “dominate” the crypto market in all five countries.