Cryptocurrency adoption in Germany in 2021
It is estimated that over 2.1 million people, 2.62% of Germany’s total population, currently own cryptocurrency.
In 2018, a survey found that 71% of German residents had heard of cryptocurrency. Comparing this with more recent survey results from 2019, more Germans (80%) have heard of cryptocurrencies. This suggests a growing interest among Germans in purchasing cryptocurrency since 2018.
Breaking down cryptocurrency ownership by income, ownership levels are significantly higher among the wealthy. 67% of the surveyed Germans have an annual income over €800,000, 44% of them between €200,000 to €800,000, at least twice that of other income groups.
Majority of German cryptocurrency owners are in the 18-34 age group (33%). 5% of them are 55 and above. Cryptocurrencies are largely owned by young, tech-savvy and affluent German residents.
In Germany, education level does not make a significant impact on cryptocurrency ownership, as 10% of Germans do not hold a degree while 10% of them have a university degree and higher. On top of that, a higher percentage of German men (9%) own cryptocurrencies than women (6%).
48% of German cryptocurrency owners are already using cryptocurrency to make purchases, while the rest own cryptocurrency solely for investment purposes.