Crypto benefits as investors take on more risk during pandemic
Investors have become more tolerant of risk since the start of the pandemic, with more people choosing to invest in alternative markets such as cryptocurrency.
According to new data gathered by fintech company reviewer Blind, half of all professionals trust cryptocurrency, and 57 per cent of these professionals owned cryptocurrency at the end of March.
More than two thirds (39 per cent) of professionals said that they would willingly accept cryptocurrency to form part of their base salary, bonus or equity.
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Blind’s research also found that 71 per cent of professionals have seen their savings grow during the pandemic, thanks in part to government grant schemes.
More than three quarters (76 per cent) of finance professionals said that they had boosted their savings accounts over the past year, compared with 70 per cent of tech professionals.
85 per cent of professionals said that they are most interested in traditional assets like stocks and bonds, but half of all respondents said that they have recently sought out more risky ways of investing their cash.
The research also found that finance professionals were ten per cent more likely to seek out more risky ways of investing their cash than those in the tech industry.
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