{"id":155156,"date":"2022-03-22T13:41:11","date_gmt":"2022-03-22T13:41:11","guid":{"rendered":"https:\/\/precoinnews.com\/?p=155156"},"modified":"2022-03-22T13:41:11","modified_gmt":"2022-03-22T13:41:11","slug":"tokens-pose-lesser-risk-than-gold-and-oil-for-uk-investors-survey","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/tokens-pose-lesser-risk-than-gold-and-oil-for-uk-investors-survey\/","title":{"rendered":"Tokens pose lesser risk than gold and oil for UK investors: Survey"},"content":{"rendered":"
A survey on investors across the United Kingdom has revealed a growing interest in the new asset classes that threaten to overshadow traditional finance \u2014 driven by factors such as ease of access and an adolescent crypto market.\u00a0<\/p>\n
Among the 2000 UK residents that were surveyed by OnePoll via Tokenise, 81% of the responders chose tokens as the safer and more secure alternative to traditional investments such as gold, oil, shares and real estate:<\/p>\n
\u201cDriven by a difficult climate for traditional investment vehicles due to the pandemic, low-interest rates and inflation, the time is right for tokens to take center stage.\u201d<\/p><\/blockquote>\n
Out of the lot, 24% revealed interest in investments in tokens or nonfungible tokens (NFT) in 2022, which highlights a \u201ccritical tipping point\u201d for token adoption. As a result, the rising interest is complemented by a growing number of providers and exchanges that intend to capitalize on the demand.<\/p>\n
Some of the key drivers for nearly 55% of the existing crypto investors across the UK include influencer marketing via artists, musicians and collectors while 49% got roped in by the ability to make purchases through app-based marketplaces:<\/p>\n
\u201cSome 41% of Londoners are ready to buy, use or trade a token (such as an NFT) in 2022.\u201d<\/p><\/blockquote>\n
The most prominent age group (46%) that prefer investing in tokens and NFTs in the UK are aged between 18-24 years, out of which, 53% cited the ability to invest using apps or online portals as a major influencing factor.<\/p>\n
On the other hand, the survey uncovered the importance of education in promoting crypto-based investments. Further underscoring the importance of regulated exchanges, the survey reveals: <\/p>\n
\u201cWhen it comes to tokens, nearly half or 47% are yet to invest because they do not know enough about tokens, while 34% do not know an easy and safe way to invest.\u201d<\/p><\/blockquote>\n
The research also shows that women have lower exposure to tokens and NFTs as compared to men but equally prefer online platforms for investments. Interestingly enough, 59% of women investors revealed to seek some kind of connection to the underlying asset prior to investing.\u00a0<\/p>\n
Related: <\/strong>FCA issues termination order for Bitcoin ATMs<\/em><\/strong><\/p>\n
On March 11, United Kingdom\u2019s central financial regulator Financial Conduct Authority (FCA) directed all non-registered crypto ATMs to immediately closed down or be subject to undisclosed additional action.<\/p>\n
As Cointelegraph reported, FCA cited three key reasons for the sudden enforcement such as lack of regulatory structure, the high-risk potential of fluctuating assets and the importance of upholding the principles established within the Money Laundering Regulations (MLR).<\/p>\n