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$62,194.00 0.66838
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$2,416.04 0.88113
Ethereum price
BNB
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$563.47 1.99089
BNB price
Solana
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$143.07 0.63419
Solana price
XRP
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$0.531061 1.8351
XRP price
Shiba Inu
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$0.0000176 0.7097
Shiba Inu price
Pepe
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$0.0000095 3.48628
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Bonk
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$0.0000212 -1.22877
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$62,194.00 0.66838
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Ethereum
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$2,416.04 0.88113
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BNB
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$563.47 1.99089
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Solana
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$143.07 0.63419
Solana price
XRP
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$0.531061 1.8351
XRP price
Shiba Inu
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$0.0000176 0.7097
Shiba Inu price
Pepe
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$0.0000095 3.48628
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Bonk
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Bitcoin
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$62,194.00 0.66838
Bitcoin price
Ethereum
Ethereum (ETH)
$2,416.04 0.88113
Ethereum price
BNB
BNB (BNB)
$563.47 1.99089
BNB price
Solana
Solana (SOL)
$143.07 0.63419
Solana price
XRP
XRP (XRP)
$0.531061 1.8351
XRP price
Shiba Inu
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$0.0000176 0.7097
Shiba Inu price
Pepe
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$0.0000095 3.48628
Pepe price
Bonk
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$0.0000212 -1.22877
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French investors increasingly prefer crypto over stocks, survey reveals

french-investors-increasingly-prefer-crypto-over-stocks-survey-reveals
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French investors increasingly prefer crypto over stocks, survey reveals

A new study reveals that more French investors own crypto than stocks and ETFs.

The latest findings from a comprehensive survey shed light on the evolving investment habits of French individuals, highlighting a significant shift towards digital assets and alternative investment methods, particularly among the younger demographic.

A notable trend is the rising interest in cryptocurrencies, with 9% of the populace owning digital currencies, surpassing those holding traditional stocks at 7% and ETFs with 2%. This surge in crypto investment signals a shift in the investment landscape, fueled partly by the pandemic.

France’s new wave of crypto investors

The demographic profile of these new investors is predominantly male, with a marked preference for cryptocurrencies and Non-Fungible Tokens (NFTs) over traditional investment vehicles. Their investment decisions are largely influenced by non-professional sources, relying heavily on social media platforms and peer recommendations rather than seeking professional financial advice.

Interestingly, these new investors also demonstrate a strong inclination towards digital gambling and sports betting, a sector that has seen significant growth and digitization in recent years. This trend reflects a broader change in attitudes towards risk and investment.

Despite their enthusiasm, there is a concerning gap in financial knowledge among these investors. The French Financial Markets Authority (AMF) found that a majority of younger respondents, especially those 18-to-24 years old, had limited understanding of fundamental financial concepts like inflation impact, diversification strategies, and risk-reward balances. Despite this, a significant portion of this group aims to achieve rapid financial gains, often without a solid understanding of the complexities involved.