Cryptocurrency investors are using their profits to invest in stocks and shares and property, research has found.
A survey of 1,472 active investors commissioned by Sequre Property Investment, which sources buy-to-let investments in major UK cities, has found that 85 per cent of crypto investors choose to hold tight when it comes to the profits made on the market. Meanwhile 15 per cent are looking at alternative investments.
Almost a third (28 per cent) of these opted to buy stocks and shares, followed by 21 per cent who said they used the profit from their crypto investment to break into the property market.
Sequre Property Investment has seen an uplift in crypto investment in the past six months. A quarter (25 per cent) of those funding an investment via Sequre during this time stated they have done so using profits taken from cryptocurrency.
“Cryptocurrency has seen its profile increase rapidly over the past five years, and the people who have lots of it are now looking to find ways of making it work for them, rather than sitting on it and hoping it doesn’t crash,” said Daniel Jackson, sales director at Sequre Property Investment.
“Property, with its solid value and good returns is, unsurprisingly, second only to stocks as the most popular crypto investment asset.
“Within the industry, buy-to-let property is one of the most profitable and immediate pathways to good investment and, despite the UK government’s attempts to dampen profit margins, crypto investors are looking to the sector to balance their portfolios.”