40% of virtual currency users believe they are regulated by law, according to a CNMV report
It is not young people who crave the promise of high returns in a short time. The investor’s profile in cryptocurrencies is that of an adult with an average age of 40 years, most of them with a monthly income of more than 3,000 euros and who have a university education.
This comes from a report published yesterday by the National Securities Market Commission (CNMV), in which the regulator analyzes the behavior of a community that has suffered in recent months from the severe collapse of this market in which volatility dominates.
The document doesn’t just debunk the idea about the profile of those who bet on ‘cryptos’. It also leaves disturbing data about the deep ignorance that still exists around this market. For example, up to 40% of investors believe it is regulated by law, when in reality there is only one regulation that regulates advertising. And 30% believe they take the same risks as with any other type of investment.
Yet the stakes are more moderate than one might estimate. Only 9% allocate a fixed monthly allocation to this type of asset, assuming half of them have less than 5% of their assets. Only 6.8% of those surveyed claim to have ever invested in cryptocurrencies. 38% are not currently investing, although they have in the past.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
