More than a quarter of young Germans are ready to buy cryptocurrencies, according to research by German consumer centers in Hesse and Saxony. Coin Rivet brings together key industry players to discuss what this means for the broader blockchain landscape.
Craig McGregor, co-founder and CEO of DSTOQ: "This shift in Germany towards greater interest in the crypt among young people is indicative of the broader trends we are seeing globally, and while we have seen tremendous growth in the sector, the next wave of investment and enthusiasm will be more difficult.
In this, I think, decentralized exchanges have an important role to play as young people, in particular, appreciate transparency. By eliminating the need for a third party and intermediaries, such as central banks or exchanges, investors have complete control over their transactions. The result is greater security and control – which is of the utmost importance for the first time for investors. The survey released this week shows figures that show that 70% of the participants find the "risky" or "very risky" encryption, but it does not necessarily have to be this way. The solution, which is available to everyone to be used at the moment, is decentralized exchange. "
"It is not surprising that a demographic whose lives have been characterized by smartphones, internet and social media, sees the interesting functionality of cryptocurrency as an instant and decentralized medium to transfer value"
Frank Wagner, co-founder and CEO of INVAO: "We see these results that show that most Germans have cryptic investment reserves as an opportunity for those projects that comply with regulations and are equally attractive to real-world investors. sustainable projects that offer real investment opportunities in asset pools and other digital assets, we will see a tangible increase in interest.
Regulation is intrinsic to this process, modeling the landscape in which we operate. Companies need to be agile and dynamic in adapting to regulatory change and facing consumer demand. Taking Germany as an example, we need to make sure that fewer people feel that it is a risk to participate in this sector. Elements such as transparency, openness, real rewards and security are all essential elements to attract investors successfully. These survey results show that we have a long distance to travel, but they also show the tremendous opportunity that there is ".
Thomas Schouten, marketing manager for Lisk: "The survey shows that global leaders and innovators of the future are aware of the potential that cryptographic space has to offer, not surprisingly that a demographic whose lives have been characterized by smartphones, the internet and social media, sees the cryptocurrency functionality as an instantaneous and decentralized means of value transfer.
Once again, however, the survey highlights the continued ambiguity in the public perception of cryptocurrency and the usefulness of blockchain technology. Previous demographics continue to suggest that investments in cryptocurrencies are too "risky", with just over 50 percent of people aged 30 to 39 unfavorable to any investment. Meanwhile, profitability is still a driving incentive for young people seeking to be involved in cryptocurrency, as cited by about a quarter of those interested in investing. I think it's clear that as a community we need to work harder to educate people about the huge blockchain technology offerings. Cryptocurrency by itself is just the tip of the iceberg. "