Source: dailyhodl.com
Crypto investors in Germany, Austria and Switzerland are devoting large portions of their overall portfolios to digital assets, according to a new study conducted by Big Four accounting firm KPMG.
KPMG partnered with the German-language crypto media platform BTC-ECHO to poll 2,400 private digital asset investors across those three European countries, which are collectively known as the DACH region.
The study says that, on average, the respondents have allocated more than 25% of total assets to crypto.
More than half (54%) say they’ve invested at least 20% of their total assets into crypto.
Additionally, 34% of the investors say they view their crypto investments as “rather safe,” compared to 43% who view crypto as “rather risky.” The respondents view market manipulation, regulation and financial crime as the biggest risks in the space.
Unsurprisingly, Bitcoin (BTC) tops the list as the most popular crypto asset among the polled investors, followed by Ethereum (ETH). BTC is trading at $63,031 at time of writing, and ETH is trading at $3,092.
Explains Bernd Oppold, a partner at KPMG AG Wirtschaftsprüfungsgesellschaft,
“Our study shows that digital assets are becoming increasingly important. Although the past year has shown that sentiment in the sector is volatile, investors are currently optimistic about the future.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Read More at dailyhodl.com