Two thirds of Robo.cash investors include cryptocurrency in their portfolio and nearly half plan to increase their peer-to-peer lending exposure this year, a survey has found.
A poll by European P2P lending platform Robo.cash found that digital currency ranks third in popularity as an asset class, after P2P investments and stocks.
Stocks were ranked the highest in the list of assets attractive to Robo.cash investors (38.4 per cent), followed by P2P investments (20.6 per cent) and crypto (15.1 per cent).
65.8 per cent of investors surveyed hold cryptocurrency as part of their portfolio and 42 per cent increased their share of this alternative asset in 2021, up from 31 per cent in 2020.
Furthermore, a third of those who deal with crypto said that they make a significant profit, while the majority of crypto investors (82.9 per cent) limit its share to a quarter of their total investment portfolio.
15.5 per cent of respondents said this year’s bitcoin rally was the reason to increase their crypto share while 61.8 per cent said the surge in bitcoin quotes did not impact them.
“The interest in crypto is explained, rather, by the broad outlook of P2P investors in search of optimal investment opportunities,” analysts from Robo.cash said.
“Another supporting factor is the steadily increasing strategic trend.
“However, the extremely high volatility of cryptocurrency prices is undoubtedly a serious deterrent. In this sense, the guaranteed high profitability inherent in P2P investments is much more interesting for European investors, and this interest is growing.
“It is confirmed by the fact that 46.7 per cent of those surveyed intend to increase their share of P2P investments in portfolios this year.”