A recent study reveals a significant shift in investment preferences among New Zealanders. Many of them suddenly favor cryptocurrencies over real estate. The survey, conducted by digital asset exchange Easy Crypto, highlights that nearly 20% of New Zealanders own cryptocurrencies, outpacing the ownership of investment properties.
The study's findings indicate a growing interest in digital assets among Kiwis.
Approximately 70% of respondents cited the potential for high returns as the main reason for their investment in cryptocurrencies. So, the traditional appeal of real estate, which has long been considered a stable and lucrative investment, has vanished.
Natalie Brunell, CEO of Easy Crypto, noted the rapid adoption of digital assets in New Zealand. She emphasized that the trend reflects a broader global shift towards decentralized finance and digital currencies.
The survey results also showed that the majority of crypto investors are under the age of 45. While older people still tend to invest in real estate, younger generations have embraced the idea of cryptocurrency in whole.
The study found that real estate no longer holds the dominant position it once did. Amazingly, only 15% of respondents indicated real estate as their primary investment vehicle.
That is fairly easy to explain. Crypto remains a kind of Wild West, while property prices and stricter lending regulations are making real estate less accessible to younger investors.
Moreover, the survey highlighted that the volatile nature of cryptocurrencies does not deter New Zealand investors. About 60% of respondents expressed confidence in the long-term value of digital assets despite market fluctuations.
In other words, Bitcoin bullish and bearish sentiments are not scaring people off at all.
Probably, because more and more people tend to believe that cryptocurrencies will continue rise in value along with mainstream acceptance.
But there is one more pretty amazing finding in the study.
Over 40% of New Zealanders who hold crypto, also hold other forms of digital assets. Such as NFTs and DeFi tokens. So it's not about "usual suspect" like Bitcoin or Ether.
Even the novice investors are trying to diversify their assets to spread risk and capitalize on various growth opportunities within the digital asset space.