The UK’s Financial Conduct Authority (FCA) has released the latest report on adult cryptocurrency awareness in the UK. Study shows up to 2.3 million UK adults own Cryptocurrencies.
The research has based on “increased public interest and media coverage, alongside the continued growth of the cryptocurrency market, including high cryptocurrency prices”.
The study finds that the level of awareness has increased overall. Up to 78% of UK adults have heard of cryptocurrencies, compared to 73% last year. According to the FCA report on this year’s study. Also, more UK adults own cryptocurrencies. There are up to 2.3 million, in 2020 it was around 1.9 million.
in addition, the average stock of monetary values increases from £ 260 to £ 300. C.Cryptocurrency Exchanges are ranked as the most prominent place to buy cryptocurrencies. TThe report also highlights that respondents are changing their minds and fewer people are viewing cryptocurrencies as a game of chance.
In the order of the hug Bitcoin is the most invested digital coin in, followed by the highly competitive XRP, and ether occupies third place. However, despite the bullish results, the FCA found that knowledge is declining, a scenario that suggests many investors do not understand what they are getting into.
However, the number of UK crypto investors continues to invest in digital assets, despite ongoing fears of regulatory crackdown by the country’s regulator.
Cryptocurrencies are attracting the attention of the international community, with Bitcoin (BTC) fueling growth at the behest of increased institutional and private purchases of the digital asset. The momentum is affecting most of the altcoins, which recently rose to their new all-time highs along with Bitcoin.
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