Crypto investors in Germany, Austria and Switzerland are devoting large portions of their overall portfolios to digital assets, according to a new study conducted by Big Four accounting firm KPMG.
KPMG partnered with the German-language crypto media platform BTC-ECHO to poll 2,400 private digital asset investors across those three European countries, which are collectively known as the DACH region.
The study says that, on average, the respondents have allocated more than 25% of total assets to crypto.
More than half (54%) say they’ve invested at least 20% of their total assets into crypto.
Additionally, 34% of the investors say they view their crypto investments as “rather safe,” compared to 43% who view crypto as “rather risky.” The respondents view market manipulation, regulation and financial crime as the biggest risks in the space.
Unsurprisingly, Bitcoin (BTC) tops the list as the most popular crypto asset among the polled investors, followed by Ethereum (ETH). BTC is trading at $63,031 at time of writing, and ETH is trading at $3,092.
Explains Bernd Oppold, a partner at KPMG AG Wirtschaftsprüfungsgesellschaft,
“Our study shows that digital assets are becoming increasingly important. Although the past year has shown that sentiment in the sector is volatile, investors are currently optimistic about the future.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxGenerated Image: Midjourney