One of the most important technological revolutions in recent years has been the digitization of money and other economic assets. Technologies such as the blockchain have made it easier for cryptocurrencies or NFTs proliferate worldwide thanks to a decentralized system that does not depend on governments or other institutions.
The boom in this type of currency or digital technologies and their own characteristics and dynamics have made them become a valuable object and even in a highly desirable investment asset, especially by the youngest. That is why Appinio, the global market research platform, wanted to know the degree of knowledge that Spaniards have about investments in general and about cryptocurrencies and NFTs in particular.
The Spanish, recent and curious investors
Despite the fact that almost 7 out of 10 respondents claim to have some kind of experience with investments of any kind (both the most traditional and the most innovative), it is true that it seems be a recent trend. Among those who say they have experience in this field, 83% say that they have only been doing it for less than 5 years.
Y, What drives Spaniards to invest? Despite the fact that the majority indicate reasons that have to do with long-term financial security and to generate more capital, 26% say that they do it out of curiosity, while almost one in 10 affirms to have started it for fashion and because “everyone is doing it”.
On the contrary, among those surveyed with no experience in the field of investments, the main reasons for not doing so seem clear: 37% say they do not have enough income to do so, while 32% claim ignorance about the stock market and the different types of investments.
The favorite option: cryptocurrencies
Among those Spaniards who are more experienced in the world of investments, shares (49.3%) and cryptocurrencies (49.5%) seem to be the most traditionally chosen assets, well above others such as bonds (12%) or real estate. roots (13%).
However, the trend is increasing and seems unstoppable. Almost 5 out of 10 Spaniards would choose cryptocurrencies as their next future investment, above shares (32.5%). In fact, digital assets (cryptocurrencies, NFTs, etc.) seem to be gaining ground over traditional assets: 64% prefer them. Another reason that suggests that the fever for cryptocurrencies will increase is that 55% of those who have ever invested in this type of asset have done so for the first time less than a year ago, a sign that it is a trend that is gaining more and more popularity among investment enthusiasts.
And what are the most recognized and accepted cryptocurrencies? The queen is, without a doubt, Bitcoin, recognized by 93% of those most experienced in the crypto universe. It is followed by Ethereum (65%), Litecoin (54%) and Dogecoin (50%).
For those investors who decide to invest in cryptocurrencies, There are several factors that determine your decision. Security (55%), in the first place, heads the list of what those who invest in this type of asset are looking for. It is followed by the possibility of being able to collect or pay in cryptocurrencies in establishments (50%) and the security of having a return that is as high and constant as possible (45.6%).
NFTs arouse interest, but are still unknown
While the knowledge of cryptocurrencies is getting higher, in the case of NFTs the society is still not so educated. More than half of those surveyed (53%) have either not heard of these assets, or have heard of them but do not understand what they are. However, it is noteworthy that despite the still high level of ignorance, there are many who are willing to invest in NFTs in the future: 59% would be willing to do so at some point.
On the contrary, and for three out of 10 respondents who say it is unlikely to invest in NFTs in the future, the complexity (30%) of this digital asset remains the main reason why they do not decide to invest in it, followed by a lack of knowledge about how to acquire or store this technology.
Among those who defend investing in this type of asset, 56% consider that it is a good investment, while 34% are struck by how innovative it is and 25% want to go ahead, because they believe that in the not too distant future they will greatly increase in value.
