Cryptocurrency information about France
It is estimated that over 2.1 million people, 3.34% of France’s total population, currently own cryptocurrency.(1)
In 2018, a survey by ING found that 50% of French residents had heard of cryptocurrency. Comparing this with the 2019 survey results from IE CGC, cryptocurrency awareness among French have increased slightly to 51%. This suggests a growing interest among French in purchasing cryptocurrency since 2018 which varies significantly across age and income.(2)
Breaking down cryptocurrency ownership by income, ownership levels are significantly higher among the very wealthy. 67% of the surveyed French have an annual income greater than €300,000, more than twice that of any other income group.
Majority of French cryptocurrency owners are in the 18-34 age group (30%). 4% of them are 55 and above. Cryptocurrencies are largely owned by young, tech-savvy and wealthy French residents.
Highly educated French are more likely to own cryptocurrencies, 21% of them hold a doctorate education and equivalent, while 5% with a secondary education. On top of that, a higher percentage of French men (9%) own cryptocurrencies than women (6%).
59% of French cryptocurrency owners are already using cryptocurrency to make purchases, while the rest own cryptocurrency solely for investment purposes.