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Cryptocurrencies Gain Popularity as Investment Assets in France

Cryptocurrencies among the most popular assets in France:

  • A recent study by the OECD reveals that cryptocurrencies have become the second most popular type of investment asset in France.
  • According to the survey, nearly 10% of the French population holds cryptocurrencies.
  • Most investors aged 18-24 lack knowledge about cryptocurrencies.

Growing enthusiasm for cryptocurrencies in France

A recent study conducted by the Organisation for Economic Co-operation and Development (OECD) and published by the French Financial Markets Authority reveals that cryptocurrencies have now become the second most popular type of investment asset among French adults.

This survey, conducted in spring 2023, reveals that 9.4% of the French population holds cryptographic assets, with Bitcoin (BTC) being the most common.

This figure is slightly lower than that of real estate funds, which remain the most favored investment with 10.7%. Additionally, the OECD survey also reveals that approximately 2.8% of those surveyed own non-fungible tokens (NFTs).

Profile of “new investors”

The study also sheds light on the profile of the “new investors” who started investing since the beginning of the COVID-19 pandemic in March 2020.

These newcomers to the investment world are predominantly men (64%), with an average age of 36, significantly younger than traditional investors, who are on average 51 years old.

Among them, 54% hold cryptocurrencies. However, it should be noted that these new investors display a relatively low level of financial knowledge, especially in the younger age group (18-24 years old). Indeed, they tend to provide incorrect answers concerning the field of investment, including cryptocurrencies.

France continues to play a leading role in Europe in the digital economy and innovation. However, the introduction of new regulations could hamper the development of the cryptocurrency industry in the country and limit their democratization among the population.

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