The majority of citizens in the UK who invest in instruments such as cryptocurrencies do not intend to pursue a long-term investment strategy.
by the Financial Conduct Authority (FCA) to the data described like crypto currency high risk level only 21% of those who invest in products for more than a year plans to keep.
60% of respondents prefer products whose returns vary considerably. providing stable returns Although he stated that he preferred the products, for more than five years The rate of those who thought to keep it was 8%.
1,000 people aged between 18 and 40 took part in the survey, conducted by the FCA, which oversees the country’s financial markets.
Financial Executive Agency; cryptocurrencies like bitcoin as well as contracts for difference, binary options, forex products and a few other products high risk level counts among the products.
One of the main factors that determine the preferences of those who invest in these products is social media. Approximately 60% of the participants; in their investment decisions. social media, current news and other people’s He said he had a share.
These investors find themselves better than the general public in finance. more knowledgeable de forex or cryptocurrency 57% and 69%, respectively, of survey respondents with investments had the wrong belief that they are regulated by the FCA.
FCA is launching an awareness campaign worth 11 million pounds in order to prevent the problems that ignorance about the risks of the market can cause for investors.
Sarah Pritchard, director of markets at the Financial Conduct Authority, said: “We see more and more people who are chasing high returns. But high returns can mean high risk. We want to help consumers realize the extent of the risks involved and make their investments more secure.” said.