- Survey conducted by OECD shows cryptocurrency is the 2nd most popular investment asset in France after real estate, with 94% of adults owning crypto and 28% owning NFTs.
- New crypto investors since the pandemic tend to be younger men around age 36, with 54% of them holding crypto assets, showing the appeal to millennials.
- The French government and companies are making major investments into crypto/blockchain, including a €100 million AI lab and a new Institute of Crypto-Assets, aiming to lead digital finance innovation in Europe.
A recent survey conducted in France shows that cryptocurrency has become the second most popular investment asset among adults in the country. This highlights the growing adoption of digital assets like Bitcoin and NFTs by mainstream investors.
The survey was carried out by the Organisation for Economic Co-operation and Development (OECD) at the request of France’s financial regulator. It found that 94% of the adult population owns some form of cryptocurrency, just behind real estate at 107%. Additionally, 28% own non-fungible tokens (NFTs).
New Crypto Investors
The survey also looked at new investors who began investing after the COVID-19 pandemic started. These investors tend to be younger men with an average age of 36. Within this group, 54% hold crypto assets, showing the appeal to millennials. However, these new investors often lack financial knowledge.
France’s Leadership in Digital Assets
The French government and companies are making big investments into crypto and blockchain technology. This includes a €100 million AI research lab in Paris and the new Institute of Crypto-Assets. France aims to be a leader in digital finance innovation in Europe.
Crypto adoption is clearly growing in France, especially among young investors. However, education is needed to improve financial literacy. France’s proactive approach will likely accelerate crypto and blockchain development in the coming years.