Crypto Is Second Most Popular Investment Asset In France
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Crypto Is Second Most Popular Investment Asset In France

  • The survey was conducted at the request of the Organisation for Economic Co-operation and Development in the spring of 2023.

According to a poll conducted by the Organisation for Economic Co-operation and Development (OECD) and published on November 13 by France’s main financial regulator, the Autorité des Marchés Financiers, cryptocurrencies are the second most popular type of investment asset among the adult French population. 

According to the survey, 9.4% of the French population owns crypto assets, which is only slightly lower than the 10.7% who own the most popular type of investment asset, real estate funds. A further 2.8% of respondents possess nonfungible tokens.

The poll also tracked the number of “new investors” who made their first investment since the COVID-19 outbreak began in March 2020. The majority of new investors (64%) are men, and they are substantially younger than traditional investors, with an average age of 36 versus 51 for the latter. 54% of those in this category own crypto assets.

Read Also: 9% of French Adults Are Investing In Cryptocurrency

The authors of the report also stated that new individual investors had a “relatively low level of financial knowledge,” particularly those in the 18-24 age bracket. They were more likely than traditional investors to offer inaccurate responses concerning the fundamentals of investment strategy.

In the spring of 2023, the survey was done among 1,056 respondents, including 40 in-depth interviews regarding their requirements and motivations.

France is actively pursuing a European leadership role in digital economy and innovation. In September, the local telecommunications business Iliad announced a 100 million euro ($106 million) investment to fund the establishment of a “excellence lab” dedicated to artificial intelligence research in Paris. The first-of-its-kind Institute of Crypto-Assets opened its doors this month in a commercial zone outside of Paris.

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