According to a recent survey conducted by the German consumer centres in Hesse and Saxony, more than a quarter of young Germans are ready to buy cryptocurrency.

Consumer centers is a non – profit government agencies that deal with consumer protection and the provision of Advisory services.

Centres in Hesse and Saxony, where the population totals more than 10 million people, conducted a joint study among Internet users. The survey involved 1,000 Germans aged 18 to 39 years.

55% of respondents say that they heard about cryptocurrency, and 77% of them say they are unlikely to invest in them.

When asked about how they refer to the risk factors of cryptocurrency, 70% of respondents called cryptocurrency trading is “risky” or “very risky.” The results of the survey it is noted that there is a strong relationship between this risk assessment and the respondents ‘ age. 54% of people aged 30 to 39 believe that investing in crypto currencies is “dangerous”; and 28% of respondents 18 to 29 say it is “acceptable”.

It is noteworthy that published the survey results also contain a warning about the risks of investing in the digital currency. The document says:

“Investors need to know: cryptocurrencies from the point of view of investment is the grey market of the capital, where there is no regulation or protection for investors.”

Such a skeptical position in relation to digital currencies in General is characteristic for the German government. In September, German Finance Minister Olaf Scholz said that cryptocurrencies will not replace cash, and that they are not “economically important”.

Such surveys were recently conducted in the United States. For example, polling company YouGov showed that 36% of young Americans of the millennial would prefer to use digital currency instead of the dollar.