The United Kingdom’s financial regulatory authority has conducted significant research, confirming the rise in interest in cryptocurrencies.
The Financial Conduct Authority (FCA) has released the findings of its “Cryptoasset consumer research 2021,” which will undoubtedly delight all of us, including crypto enthusiasts.
The UK financial authority recognizes right away that the crypto industry is generating more attention from the general public and the media, owing to the rising involvement of financial companies and big institutions.
The FCA particularly notes the government’s and the Bank of England’s continued attention and payment system regulators’, thanks to the newly formed UK Cryptoasset Taskforce.
Let’s have a look at some specific figures:
- The number of people who have heard of cryptocurrencies has climbed, with 78 percent of individuals saying they had heard of them.
- The number of people who hold cryptocurrencies has risen to 2.3 million, up from 3.9 percent to 4.4 percent of the adult population.
- From £ 260 to £ 300, the median holding has increased.
- Consumers are becoming more confident in cryptocurrencies, and they are no longer treating them as a gamble. This is supported by statistics showing a decrease in the number of people who consider cryptocurrency to be a gamble, from 47 percent to 38 percent, indicating that more people consider it a viable alternative to traditional investments.
Finally, one key finding from the research must be mentioned. About half of bitcoin users believe they will profit from their investment at some time in the future.