- A new survey reveals that digital asset investors in Germany, Austria, and Switzerland have over a quarter of their portfolios exposed to cryptocurrencies on average.
- The study involving 2,400 respondents was conducted jointly by KPMG and BTC-ECHO.
- The majority expressed optimism over the progress of the crypto industry.
Results of the KPMG Survey for Crypto Investors
Research by KPMG and BTC-ECHO unveiled that many investors are optimistic about the cryptocurrency market’s future. Of the 2,400 surveyed from Germany, Austria, and Switzerland, 54% disclosed having at least 20% crypto exposure within their portfolios.
On average, the participants have 25% of their total assets invested in crypto. Meanwhile, 34% believe their crypto investments were “rather safe” while 43% admitted they were well aware that they were wagering into a “rather risky” market. Among the primary concerns raised by investors in their crypto positions were market manipulation, regulatory issues, and financial crimes.
As expected, Bitcoin (BTC) emerged as the most dominant digital asset within the respondents’ portfolios. Around 91% had the largest crypto by market cap in their bags. Ethereum (ETH) was the second most preferred investment based on the answers of 78%.
The poll also displayed that 67% of the crypto investors surveyed had 50% of their digital asset holdings left staked for over a medium-term (3 to 5 years) to long-term (more than 5 years). This goes on to show their faith in the industry’s long-term development. On the other hand, a majority of the market entrants were cautious over their investments, which shouldn’t come as surprising for new and inexperienced players.
“Our study shows that digital assets are becoming increasingly important,” said KPMG partner Bernd Oppold. “Although the past year has shown that sentiment in the sector is volatile, investors are currently optimistic about the future.”
Short-Term to Long-Term Projections for the Crypto Industry
According to Statista‘s data, the revenue for the global crypto market is expected to grow to $51.5 billion this year. This comes with a compound annual growth rate (CAGR) of 8.62% from 2024 to 2028, turning its total amount to $71.7 billion by the end of the timeframe.
Moreover, the average revenue per user in the sector is estimated at $61.8. The US continues to have the highest potential in the industry with a predicted revenue of $23.22 billion this year.
Furthermore, the market is expected to reach 992.50 million users by 2028 with a user penetration of 10.76% for 2024 and 12.36 by 2028.