The State of Cryptocurrency Adoption: Germany Q4 2019
Report No. 3
The BRL Report “The State of Cryptocurrency Adoption: Germany Q4 2019“ provides new insights into cryptocurrencies in Germany, based on a representative online survey among more than 3,000 participants.
Key findings include:
- High awareness: 87% of respondents know Bitcoin, 64% know blockchain technology.
- High rate of ownership: 14.1% of respondents own cryptocurrency, compared to 19.3% who own stocks.
- Small investments and high returns: The average cryptocurrency owner invested €2,546 and now holds a portfolio worth €4,716. This is an increase of 85%.
- Unequal adoption: 69% of cryptocurrency owners are male; the average owner is ten years younger, better educated, and earns €400 more per month than the average non-owner.
Blockchain Research Lab (2020). The State of Cryptocurrency Adoption: Germany Q4 2019 – Results of a representative survey among German Internet users. https://www.blockchainresearchlab.org/wp-content/uploads/2020/02/BRL_Report_3_Crypto_Adoption_Germany_Q4_2019.pdf