The investment landscape in France is experiencing a significant shift, with a growing interest in cryptocurrency among younger citizens. According to a recent study conducted by the Autorité des marchés financiers (AMF), nearly one in four French adults are engaged in investments in financial instruments or crypto-assets. This represents a considerable increase in retail investment activity, with half of these investors starting since 2020. The study also reveals that 9% of the adult French population owns crypto-assets.The profile of these new investors is interesting, as they are generally younger, with an average age of 38, and exhibit a distinct “digital” profile when it comes to sourcing information and investing. A significant 65% of these investors hold crypto-assets and rely heavily on social media and influencers for investment information. This reliance on digital channels highlights the growing influence of online platforms in shaping investment decisions.Despite the volatile nature of cryptocurrencies, the study found that 67% of those holding crypto-assets are satisfied with their investment performance, compared to 62% overall satisfaction among new retail investors. However, the report raises concerns about the overestimation of financial knowledge among these investors, particularly young people aged 18 to 24 and those from lower socio-professional categories. Only 48% of new investors understand the concept of risk reduction through asset diversification.The interest in crypto-assets is particularly pronounced among younger investors, with 63% of new investors aged 25-34 owning crypto-assets, compared to just 25% of traditional investors. This demographic also tends to engage in gambling activities, both online and offline, indicating a higher tolerance for risk.Furthermore, these new crypto investors exhibit financial confidence, with average financial assets of €117,000 and an average investment of €9,317. A significant portion of them (58%) have invested in crypto-assets and are more likely to consult a professional advisor before making investment decisions.Overall, the study highlights the growing engagement of French millennials in crypto investments, driven by their digital profile and reliance on online platforms for investment information. While satisfaction with investment performance is high, there is a need for better financial education to ensure a proper understanding of risk reduction strategies.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇫🇷 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | Autorité des marchés financiers (AMF), Audirep |
| Currencies | None |
| Securities | None |
