9.4% of French Population Holds Crypto as the Asset Class Ranks Second in Investment Options

cryptonews.com:

France’s financial regulator, Autorité des Marchés Financiers, has published a study by the Organisation for Economic Co-operation and Development (OECD) on investment choices and growth levels in the country.

In the survey released on Nov 13, digital assets ranked second in terms of popularity across the country with 9.4% of adults owning cryptocurrencies while 2.8% of participants owned non-fungible tokens (NFTs). 

According to the survey, 24% of adults living in France are financial investors who hold multiple instruments with over 12% representing new investors who came into the field in post 2020. 

Real estate topped the most desired investment product in the country as 10.7% of the population holds such assets. While crypto products come in second, listed individual shares, unlisted shares, bonds, and investment funds come next with 7.3%, 5.6%, 5.4%, and 4.5% respectively.

New investors showed higher demand for digital assets although they were more prone to investment mistakes than traditional investors. Men accounted for 64% of new investors while women made up 36%. 

65% of new investors own traditional trading products compared to 85% of older investors. New entrants made up their number from the digital asset market 54% compared to older investors with a mere 25%.

Although crypto was mainly seen as risky in previous years, several traditional firms and wholesale clients have now been exposed to the asset class with Europe setting the tone for a new investor appetite.