Leading reasons for cryptocurrency investments in the Netherlands 2018

Almost 40 percent of Dutch respondents indicated in an open answer to a survey held in early 2018 that their main motivation to start investing in digital currencies was to earn money. Other important drivers include curiosity towards blockchain or to find an alternative for saving due to low interest rates. In the first three quarters of 2017, there were approximately 44,000 transactions in Bitcoin from the Netherlands on a trading platform called BTC Direct. In addition, Belgium and the Netherlands have several Bitcoin ATM installations. Dutch interest in investing in cryptocurrencies decreased since 2018, however, with no new surveys or information appearing about this topic in the Netherlands in 2019.

This statistic shows the answers to a survey question on the leading reasons for consumers in the Netherlands to invest in cryptocurrencies, such as Bitcoin, in 2018. Bitcoin is a so-called cryptocurrency, a digital currency that uses blockchain technology as a means of security. Because of its design, it is difficult to get an insight in the full size of the Bitcoin market in individual countries. Because Bitcoin and other cryptocurrencies reached the news often in 2017, approximately 60 percent of the households in the Netherlands who invested in cryptocurrencies started doing so in 2017.

Leading reasons for consumers in the Netherlands to invest in cryptocurrency in 2018

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Sources

Release date

July 2018

Region

Netherlands

Survey time period

February 2018

Number of respondents

885 respondents

Age group

18 years and older

Special properties

consumers who have invested in cryptocurrencies

Method of interview

Questionnaire

Supplementary notes

* The source states that the numbers provided are from open answers.

The source does not provide information regarding multiple answering options.

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