Survey: 1 in 5 New Zealanders plan to or have invested in cryptocurrencies

According to nzherald.co.nz, in a survey of 2,000 people conducted on behalf of the Financial Services Commission, nearly 40 percent of respondents said they currently use or plan to use micro-investment platforms such as Sharesies, Hatch or Stake.FSC CEO Richard Klipin said that in the last 18 months The sector has seen a phenomenal growth in the number of digital investors. Our research shows that 38.2% of New Zealand adults currently use or plan to use micro-investment platforms. With approximately 1.5 million New Zealanders, this reflects a transformational shift in the way we choose to invest. The research shows that since early 2020, New Zealand has been following global trends to invest in equities as well as more speculative assets such as cryptocurrencies. From March last year to April this year, holders of cryptocurrency investments rose from 3% to 9.5%. One in five (21%) are investing or have previously invested in cryptocurrencies, an increase of around 7% since March 2020.

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