The collapse of the FTX crypto exchange resulted in a serious crisis in the industry, and the prices of Bitcoin and Co. plummeted. According to a survey, investors still see it as a safe investment opportunity.
According to a survey, most cryptocurrency investors let their confidence in Bitcoin
According to further information, the respondents have invested an average of around 14 percent of their total assets in this asset class. For the majority, the sum amounts to more than 10,000 euros. More than half of those with an investment volume of more than 100,000 euros invested more than 50 percent of their assets there.
The authors of the survey wrote that a total of more than 2,000 people in German-speaking countries were interviewed. Most of them are highly educated and have high incomes. 43 percent have a university degree. The average gross monthly income is 4800 euros. They obtained information about digital systems mainly from the trade press. When choosing a cryptocurrency exchange, the security of the platform (90 percent) is the most important decision criterion. Fees, ease of use and the number of tradable cyber currencies also played a major role (around 70 percent each).
The 2022 stock exchange year that just ended was the blackest since 2018 for Bitcoin investors, with a price slide of around 65 percent, and the second worst since its introduction in 2008. At times, the oldest and most important cyber currency was at a two-year low of $ 16,224. Ethereum, the number two in the cryptocurrency industry, has been at its worst ever. Here the minus added up to more than 67 percent.
At the end of the year, the crypto world was also shaken by the bankruptcy of the FTX platform. The business construct had collapsed when it was revealed that FTX was holding its client funds primarily in a specially issued cryptocurrency with no equivalent. An estimated one million customers collectively lost billions of dollars.
With Core Scientific, one of the largest listed crypto companies in the USA also saved itself under creditor protection. The crypto miner filed for bankruptcy. Based in Austin in the US state of Texas, Core stated that it was not striving for a dissolution, but that it wanted to continue the business.
