According to the report of a new survey, Brits are choosing Cryptocurrency as an investment instead of Shares/stock. This is just a comparison of the present year to last year.
AJ’s Bells, UK investment firm, found in an online survey that 7% of the british adults invested in Cryptocurrency over the last year.
And only 5% of the adults choose share/stock ISAs investment over last year.
So overall both of the markets have a good response by adults of British population.
But most of the adult’s inclination is toward the Cryptocurrency assets investment.
We should notice here, Stocks & shares are just link saving bank accounts which don’t require any type of tax.
So clearly here we can see that both of the fields are almost tax free upto a certain limit.
But still mostly adults are willing to invest in Cryptocurrency instead of stocks and shares.
This survey was done by Findoutnow, online market research company,
Laith Khalaf, financial expert at AJ Bell, said “, when more people are buying Cryptocurrency than investing in stock market ISA, you have to conclude that world’s gone crypto crazy”
According to the poll result, It is found that most of the people who are in Cryptocurrency investment are adults & under the age of 35.
And 71% of the Crypto investors gained profit, while 12% are in loss by last year.
This poll is not a challenging moment against the survey by The UK Think Tank Parliament Street in March.
According to Think Tank survey, Around 52% of people were eager to invest in stocks & shares while others were eager to invest in Cryptocurrency.
Here these two polls are totally opposite. Many people are claiming that stock & share market supporters are trying to manipulate the people’s mentality through fake polls results.
Well here we can’t say anything about any of the poll results. Here we have our own environment where we can see how people are adopting Cryptocurrency.