According to a KuCoin research, 49% of German crypto investors believe digital currencies could help them achieve long-term wealth accumulation plans. Every fourth thinks the asset class could serve as a store of value amid the current economic turbulence.

Most German crypto investors fall in the Generation Y demographic group, also known as Millennials (those born between the 1980s and the late 1990s).

A Closer Look

The survey revealed that Millennials account for 51% of the total number of cryptocurrency investors in Germany, while Generation X (those in their 40s and 50s) is second with 30%. 

Digital assets are usually an interesting matter for youngsters as they are more open-minded toward innovations. However, Generation Z (those aged 18-25) represents only 19% of all Germans with exposure to the crypto market. 

The biggest share of people hopped on the bandwagon less than three months ago, whereas 15% have done so in the past half a year. One possible reason behind that interest could be crypto’s revival since the start of 2023. Bitcoin, for example, finished 2022 at around $16,500, while currently, it is well above the $30,000 level. 

Every fourth German crypto investor entered the ecosystem to diversify their portfolios. 30% find investing in digital assets “convenient,” whereas 22% want to get rich overnight. 

The most popular use cases for crypto in Germany include trading, online shopping, purchasing non-fungible tokens (NFTs), HODLing/staking, accepting/paying salaries, and others.

Unsurprisingly, Bitcoin (BTC) is the primary crypto investment choice for locals, with 64% of the investors having ex