Some 56% of surveyed young UK adults keep most of their money in cash savings accounts, missing out on potential investments in cryptoassets, a recent survey showed.
Lack of knowledge on crypto is the main impediment to increased investments by this group, but the majority of British young adults are eager to learn more about crypto, according to a recent survey commissioned by US exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager WisdomTree Investments.
The survey was carried out this past July, covering some 3,000 individuals aged between 18 and 30, and comprising three samples of 1,000 persons in the UK, Italy, and Germany. The poll shows that young adults in the UK perceive property, savings accounts, cryptoassets, and stocks as the main drivers of long-term investment returns, with 22%, 20%, 19%, and 17% of answers, respectively.
This said, despite some respondents demonstrating a willingness to invest in crypto, 63% of those surveyed said they did not…