{"id":376023,"date":"2021-02-25T10:48:32","date_gmt":"2021-02-25T10:48:32","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=376023"},"modified":"2025-02-27T23:13:07","modified_gmt":"2025-02-27T23:13:07","slug":"press-release-558-percent-rise-in-crypto-investors-since-2018","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/media\/press-release-558-percent-rise-in-crypto-investors-since-2018","title":{"rendered":"558% rise in crypto investors since 2018"},"content":{"rendered":"<ul><li>19% of Brits say they have bought cryptocurrency, up from 3% in 2018<\/li><li>But 71% have no intention of ever buying crypto<\/li><li>A quarter of crypto investors (25%) first bought in 2020<\/li><\/ul><p><strong>23rd, February, 2021, LONDON \u2013 <\/strong><\/p><p>The growth of cryptocurrencies like Bitcoin has caught the interest of UK investors, with 19% of Brits saying they have bought cryptocurrency at some point.<\/p><p>According to <a href=\"https:\/\/www.finder.com\/uk\/how-to-buy-bitcoin#crypto-stats\">new research<\/a> from personal finance comparison site, <a href=\"https:\/\/www.finder.com\/uk\">finder.com<\/a>, this means almost 10 million people in the UK have now invested in at least one cryptocurrency since Bitcoin was created in 2008.<\/p><p>This is a rise of 558% from 2018, when only 3% of Brits (1.5 million people) said they owned cryptocurrency and the growth of cryptocurrency looks set to continue.<\/p><p>Many invested for the first time in 2020 (25%) and a further 11% said they intended to buy cryptocurrency in future. If this were to happen, it would mean that almost 3 in 10 (29%) of the country would have bought cryptocurrency.<\/p><p><strong>The reasons why people are getting involved<\/strong><br \/>The most popular reason why people have already bought, or intend to buy, cryptocurrency is that they believe it is going to be very influential in the future (23%).<\/p><p>Another 21% of Brits also suggested the potential for higher returns (compared to poor interest rates in savings accounts) as a reason they bought crypto, and the fact it was more accessible thanks to dedicated investing platforms. <\/p><p>A potentially worrying statistic was that 19% of potential, or existing, crypto investors said a factor behind their decision to invest is that it seems like an easy way to make money.<\/p><p><strong>The majority remain unconvinced<\/strong><br \/>Despite the undoubted increase in interest that cryptocurrency has received, the majority of the population are not planning to invest in this anytime soon. 7 in 10 (71%) said they haven&#8217;t invested in cryptocurrency and have no plans to do so.<\/p><p>The main reason given from these people was that they simply have no interest in cryptocurrency (41%), while the second most common reason is that they feel it is too risky an investment (31%).<\/p><p>After a tough year for many as a result of the COVID pandemic, 21% of crypto sceptics said they don&#8217;t have any money spare to invest. A further 1 in 5 (20%) also find crypto too complicated to understand.<\/p><p><strong>Generation Bitcoin<\/strong><br \/>Unsurprisingly, younger generations are more likely to own cryptocurrency, with 40% of those aged 18 to 34 having invested in at least one cryptocurrency before. A quarter of 35-to-44 year olds (24%) also have invested, but only 12% of 45-to-54 year olds, and just 4% of those aged over 55 had done the same.<\/p><p>When it comes to investing in cryptocurrencies in the future, 21% of 18-to-24 year olds, and 16% of 25-to-34 year olds intend to do so. Men were also much more likely to own cryptocurrency, with 24% of men having already bought some, compared to only 13% of women. <\/p><p>For more detailed breakdowns on the research and other cryptocurrency statistics, please visit: <a href=\"https:\/\/www.finder.com\/uk\/how-to-buy-bitcoin#crypto-stats\">https:\/\/www.finder.com\/uk\/how-to-buy-bitcoin#crypto-stats<\/a> <\/p><p>###<\/p><p><strong>Methodology<\/strong><\/p><p>Finder commissioned Censuswide on 12-15 February 2021 to carry out a nationally representative survey of adults aged 18+. A total of 2,000 people were questioned throughout Great Britain, with representative quotas for gender, age and region<\/p>","protected":false},"excerpt":{"rendered":"<p>The growth of cryptocurrencies like Bitcoin has caught the interest of UK investors, with 19% of Brits saying they have bought cryptocurrency at some point.<\/p>\n","protected":false},"author":385,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[3788],"tags":[],"asset_tag":[],"class_list":["post-376023","post","type-post","status-publish","format-standard","hentry","category-media"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - 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