Report: Only 5% of British Cryptocurrency Investors Makes Financial Gains

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A new report by IW Capital, a UK-based SME investment group, says that only 5% of the UK’s crypto investor managed to turn a profit.

According to the research, shared by Express U.K, 38 percent of cryptocurrency investors in the UK put their money on the line without understanding cryptocurrencies.

More FUD comes in the form that most investors surveyed said that cryptocurrency is inferior to other types of investments. The most interesting facet of the study was that only 5 percent of the respondents have made financial gains from their investing in cryptocurrencies.

The report also revealed that only 7% of Brits, are of the opinion that cryptos are more valuable than stocks and shares.

IW Capital’s report reads:

The data reveals that, fundamentally, Brits do not have enough information or knowledge on the topic of cryptocurrency. In fact, many have no knowledge about the subject whatsoever.

The report later added that a wide majority of investors in the U.K. see cryptocurrency as an..

Read More: https://news.bitzamp.com/report-only-5-of-british-cryptocurrency-investors-makes-financial-gains/