A recent survey by Criptan reveals that Spanish cryptocurrency investors predominantly favor Bitcoin (BTC) and USD Coin (USDC), with a strong inclination toward long-term investment strategies. The study provides insights into the investment behaviors, demographics, and motivations of crypto investors in Spain.
Investment Preferences
In Galicia, the average annual investment in cryptocurrencies exceeds €3,500, slightly higher than the national average of €3,100. Bitcoin is the preferred cryptocurrency among Galician investors, accounting for 57% of investments, followed by USDC at 21.2%, and Euro at 11.8%. This trend highlights a preference for established cryptocurrencies and stablecoins among Spanish investors.
Investor Demographics
The typical Spanish crypto investor is predominantly male (over 85%), with an average age of 40 years. In terms of employment, nearly 70% are salaried employees, about 18% are self-employed, and approximately 7% are students. These demographics suggest that crypto investments are primarily undertaken by working professionals seeking alternative investment avenues.
Investment Strategies
The survey indicates that the majority of Spanish crypto investors adopt a long-term investment approach. This strategy reflects a focus on savings rather than speculative trading, suggesting confidence in the enduring value of cryptocurrencies.
Regional Investment Trends
In Galicia, the average annual investment in cryptocurrencies surpasses €3,500, slightly above the national average of €3,100. This indicates a robust interest in crypto investments within the region.
Conclusion
The survey underscores a growing trend among Spanish investors toward long-term holdings in cryptocurrencies, particularly Bitcoin and USDC. With a demographic profile centered around middle-aged, employed males, the Spanish crypto market reflects a maturing landscape where investors prioritize stability and long-term value over short-term gains.
