Cryptocurrency investors in Germany, Austria, and Switzerland allocate a large portion of their overall portfolio to digital assets, according to a new study conducted by Big Four accounting firm KPMG.
KPMG partnered with German-language crypto media platform BTC-ECHO to survey 2,400 private digital asset investors in three European countries, collectively known as the DACH region.
According to the survey, respondents on average allocate more than 25% of their total assets to cryptocurrencies.
More than half (54%) say they have invested at least 20% of their total assets in cryptocurrencies.
Additionally, 34% of investors consider investing in cryptocurrencies to be “fairly safe,” while 43% consider cryptocurrencies to be “quite risky.” Respondents consider market manipulation, regulation and financial crime to be the biggest risks in this area.
Unsurprisingly, Bitcoin (BTC) tops the list as the most popular crypto asset among surveyed investors, followed by Ethereum (ETH). At the time of writing, BTC is trading at $63,031 and ETH is trading at $3,092.
Bernd Oppold, Partner at KPMG AG Wirtschaftsprüfungsgesellschaft, explains:
“Our research shows that digital assets are becoming increasingly important. While sentiment in the sector has shown to be volatile over the past year, investors are now I am optimistic about the future.”
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