RATE Group | UK Study: Only 5% of Cryptocurrency Investors Made a Profit
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UK Study: Only 5% of Cryptocurrency Investors Made a Profit

30 Jul UK Study: Only 5% of Cryptocurrency Investors Made a Profit

Posted at 05:31h in Cryptocurrency News by

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A new poll by IW Capital, a UK-based SME investment firm, says that only 5 percent of Britons who invested in cryptocurrency turned a profit.

A new poll by a UK-based investment firm is throwing some FUD at cryptocurrency. IW Capital surveyed 2,007 Britons on cryptocurrency and came up with some interesting findings. They then shared the results with the Daily Express, a notorious muckraker.

Cryptocurrency Investment a Bust

The poll found that 38 percent of Britons do not understand virtual currencies at all. The survey also found that a full third believe that the supposed “bubble” is ready to pop.

More FUD comes in the form that most investors surveyed said that cryptocurrency is inferior to other types of investments. The most interesting facet of the study was that only 5 percent of the respondents have made financial gains from their investing in cryptocurrencies.

While the mainstream media huffs and puffs these figures, the reality is that such…

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