A survey of investors across the UK revealed growing interest in new asset classes that threaten to overshadow traditional finance, due to factors such as ease of access and a teenage crypto market.
Among the 2,000 UK residents who were surveyed by OnePoll via Tokenise, 81% of respondents chose tokens as the safest alternative to traditional investments like gold, oil, stocks, and real estate:
“Driven by a tough climate for traditional investment vehicles due to the pandemic, low interest rates and inflation, the time is right for tokens to take center stage.”
of the lot, 24% revealed interest in investing in tokens or non-fungible tokens (NFTs) in 2022, highlighting a “critical inflection point” for token adoption. As a result, the growing interest is being supplemented by a growing number of providers and exchanges looking to capitalize on the demand.
Some of the key drivers for almost 55% of existing crypto investors across the UK include influencer marketing through artists, musicians and collectors, while 49% were attracted by the ability to make purchases through app-based markets:
“Around 41% of Londoners are ready to buy, use or exchange a token (such as an NFT) in 2022.”
The most prominent age group (46%) preferring to invest in tokens and NFTs in the UK is 18-24, with 53% citing the ability to invest via apps or online portals as an influencing factor. important.
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, almost half or 47% haven’t invested yet because they don’t know enough about tokens, while 34% don’t know an easy and safe way to invest.”
Research also shows that women have lower exposure to tokens and NFTs compared to men, but still prefer online platforms for investments. Interestingly, 59% of female investors revealed looking for some kind of connection with the underlying asset before investing.
On March 11, the UK’s central financial regulator, the Financial Conduct Authority (FCA), ordered all unregistered crypto ATMs to close immediately or be subject to further undisclosed action.
As Cointelegraph reported, the FCA cited three key reasons for the sudden application: the lack of a regulatory structure, the high-risk potential of fluctuating assets, and the importance of upholding the principles laid out in the Money Laundering Regulations.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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