The number of crypto investors in Ireland has declined slightly over the past year, as new surveys of Finder.com show.
As evidenced by the corresponding survey, the adoption of cryptocurrencies in the Republic of Ireland is 16.6% lower than last year. For example, among the adults surveyed, only 10% now own crypto, while in 2021 12% had invested in cryptocurrencies.
However, James Edwards, the crypto expert at Finder, believes that such a small decline should actually be considered a good sign in view of the current crisis on the crypto market:
“Since the beginning of May and June, the Bitcoin price has fallen drastically, but the decline in investors investing in cryptocurrencies is far from as strong as expected.“
Rather, the data would indicate that investors have remained largely unimpressed by the price slumps and have perceived them more as a buying opportunity.
In addition, the survey indicates that the crypto market is clearly dominated by men. For example, 72% of the survey participants who invest in crypto are men. A circumstance that coincides with the approximate distribution in the entire crypto industry, because in this the male gender is still disproportionately represented.
However, this balance of power is gradually shifting as the crypto market integrates more and more into other industries. According to the BTCM Investor Study Report of 2021, the number of female crypto investors has recently increased by a strong 126%.
As far as cryptocurrencies are concerned, the market leader among the Irish, Bitcoin (BTC), with a share of 35%, is the clear favorite. This is followed by Dogecoin (DOGE) with 26% and Ethereum (ETH) with 23%.
Overall, the island state has so far presented itself as a very open location for the crypto industry. Only in October 2021, the market-leading crypto exchange Binance set up three offices in Ireland, followed by a fourth in November.
The Gemini crypto exchange, in turn, received approval as a crypto service provider in Ireland in July. The major crypto companies Kraken and Ripple have also chosen the island as a home for their European headquarters.