According to a new survey published by OnePoll, United KingdomHe found that as time went on, investors were turning to new generation asset classes instead of traditional finance. This increased adoption is believed to be fueled by issues such as the ease of use of the new asset class and the potential for market expansion.
According to the results of the survey, it was revealed that 81% of the 2,000 respondents chose crypto assets as a safer and more secure investment than stocks, real estate, gold and oil.
24% of respondents indicated an interest in investing in tokens and NFTs in 2022. This represents a milestone in token adoption in the UK. As a result, an increasing number of cryptocurrency exchanges and providers have emerged to capitalize on the growing interest in cryptoassets.
NFTshas also played a large role in making the crypto world open to musicians and artists. This has further expanded the reach of crypto to fan bases. Around 55% of existing UK cryptocurrency investors participated through influencer marketing through artists, singers and collectors, while 49% participated with the possibility of purchasing via app-based marketplaces.
Is A Paradigm Shift Beginning In The Crypto World?
It is now known that the bull cycle of 2021 has made crypto assets a much more popular space. The markets have seen an influx of many new young investors to make their big break.
The most prominent group of people who typically choose to invest in tokens and NFTs over sought-after investments is mostly the 18- to 24-year-old group, which makes up 46% of the group. Although it is known that people who invest in crypto assets are younger in age, claims that older people do not invest or completely oppose them would also be false.
Also, the current conflicts between Russia and Ukraine have had a negative impact on traditional stock markets. Oil prices skyrocketed and traditional investments did not seem unsafe or rewarding. This has led many to want to invest their money in crypto and digital assets like NFTs. Even though the crypto market has also gone through a downtrend, people are still gravitating towards this asset class.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.