According to a study by British website VoucherCodes, 34% of UK residents already own some form of digital asset.
Analysts noted that the population of the UK turned to cryptocurrencies and digital assets amid a crisis in the economy and rising prices for consumer goods. Equally important is the depreciation of the pound sterling against most of the world’s currencies.
“The pound sterling exchange rate against the dollar has fallen by more than a fifth. In relation to the euro, the fall is smaller, although it is quite noticeable 7%. The depreciation against the Swiss franc is more than 14%. In other words, the value of UK assets is falling under the current government,” said ITV News political editor Robert Peston.
Bitcoin remains the most popular among the British – 20% of respondents reported buying BTC. They also often invest in ETH (8%), DOGE (6%), LTC (5%) and LINK (3%). Among the main reasons for not investing in cryptocurrencies, respondents named a lack of understanding of crypto assets (40%), lack of regulation (37%) and the need for thorough research on the topic (32%).
Earlier it was reported that the new UK Cabinet plans to continue efforts to develop the cryptocurrency industry in the country.
Source: Bits
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