Eurozone Crypto Adoption Soars, Mostly for Investment

European Central Bank: Cryptocurrencies trending up in eurozone, consumers more than doubled in two years

Nine per cent of those quizzed said they owned crypto assets such as bitcoin or ether, up from four percent in 2022, according to the ECB’s study of payment habits in the euro area. Bitcoin surged past US$100,000 earlier this month in the wake of the US election victory of Donald Trump and his pledge to make the United States the “bitcoin and cryptocurrency capital of the world”.Among the 20 euro area countries, 13 have cryptocurrency ownership rates of above 10 per cent, the Frankfurt-based institution said.In Germany, the eurozone’s biggest economy, only six per cent of respondents had crypto assets, with cash still remaining relatively popular.

The survey indicated a “clear preference for using crypto assets only as a means of investment,” rather than as a means of payment, the ECB said.

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