1 of 10 Irish investors, a quarter of young people hold cryptocurrencies -
1 of 10 Irish investors, a quarter of young people hold cryptocurrencies -
investors in Ireland feel attracted to digital options that offer better returns and often find it online, as a new survey showed. According to the survey, 11% of investors have already bought a digital asset and a quarter of the young Irish relies on cryptocurrencies.
low interest rates, searching for long -term returns push more Irish investors in the direction of alternatives
Investors in the Republic of Ireland explore opportunities in the digital space and over half of the participants of a new survey, 56 %, state that they invest online. Astonishing 80% of the respondents do this to achieve better returns for their money in the long term, while almost half admit that their decisions are influenced by the low interest rates in the traditional banking system. 
The survey, the results of which were cited by the national broadcaster and the Irish Independent, also shows that more than one in ten of the respondents have put money in one or the other crypto asset. The proportion of cryptocurrency investors grows to 25 % of 25 to 34 year olds. This group is most open to saving in digital coins like Bitcoin.
At the same time, shares and shares for 19% of those surveyed have proven to be the preferred investment option. According to the Irish media reports, state or corporate bonds are the second most popular asset among investors in the country.
The majority of 1,000 people who are used by the study ordered by the competition and consumer protection commission ( ccpc ), to find online resources (62%). This includes online banking or investment websites, financial news websites, blogs and social media platforms. The rest, 38%, prefer to speak to a consultant of a bank or another financial institution.
online investment options are even more popular with Irish investors under 35. 36 % of this age group would use a trading platform or a mobile app such as Etoro or XTB, while 29 % would employ an online financial service provider such as Revolut. for example. Only 22 % stated that they invested through a bank or an investment company, and only 10 % stated to contact a broker.
"It is important that consumers are aware that investment products can often be very complex, so it is important that consumers understand the type of product in which they invest," comments Grainin Griffin, Communication Director at the CCPC, the results in the survey. The Commission calls on Irish investors to find out thoroughly before issuing funds.
Griffin also warned that crypto investments are associated with higher risks in addition to the potential for better returns than traditional financial products. Yours is not the first warning of this type in Ireland , where Have warned that you could lose your money if you invest in cryptocurrencies. However, Makhlouf recently emphasized some of her positive aspects praise the "safe, safe, Decentralized “crypto technology.
Do you expect the number of crypto investors in Ireland to grow in the future? Let us know in the comment area below.
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