Some 15% of Brits may be considering investing in cryptocurrencies, a new survey has suggested, but financial advisers would be warning them to steer clear of such a volatile investment.
According to research by ThinkCoin, one-in-seven (15%) people in the UK are considering cryptocurrency investment. This figure compares with the 17% of Brits who presently invest on the stockmarket, which ThinkCoin suggested was evidence of a "mainstreaming" of cryptocurrencies as an investment option. In reality, 4% of Brits have acted on these intentions and bought cryptocurrencies but ThinkCoin CEO and co-founder Nauman Anees said many people were beginning to wake up to the "huge opportunities" cryptocurrencies represent. "Investing and trading through traditional channels - via b...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes