For 60% of French people, investing in cryptocurrencies is still risky

In recent years, investing in cryptocurrencies has taken more and more space in the public debate.

But a large majority of French people are still reluctant.

According to the Crypto Pulse study, carried out by the purchase and resale platform Bitstamp, 60.5% of individuals and 40.2% of companies in France consider cryptocurrencies to be “unreliable”, reports

.

Conversely, 13.2% of respondents judged that these were “very reliable” investments, while a quarter had no opinion on this question.

Globally, 67% of respondents said cryptocurrencies were a reliable investment.

The study also reveals that 49% believe that cryptocurrencies will overtake traditional currencies within ten years.

Today, 8% of French people have them, according to another survey.

“Cryptocurrencies must show their usefulness”

“There is still a lack of education and training to create appetite among retail investors, but also of clear regulations in Europe.

It should arrive within a year and a half to two years.

Finally, there are not yet enough traders in France to use them in real life, ”analyzes Jean-Baptiste Graftieaux, Europe boss of Bitstamp.

Some specialists point to other factors that may be decisive in the adoption of these cryptocurrencies.

“Part of the population will have to be seduced by something other than speculation and trading to find interest in it.

Cryptocurrencies and the technologies behind them must show their usefulness, in particular on the digitization of title deeds, and demonstrate a low environmental and societal footprint, "says Marianne Tordeux, director of public affairs at France Digitale, an association that defends interests of French start-ups.

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• Virtual Currency (Cryptocurrency)

• Investment

• Bitcoin

• study

• high tech