Soest - A large part of the Dutch population is looking for passive income. As many as 58% of respondents say they are open to generating additional income in 2023. This is according to research by FreshMiners among 473 people, men and women aged 18 - 65 who have some affinity with financial products including crypto mining. With the results of the survey, FreshMiners aims to gain more insight into consumer behavior.
The results of the survey show that there are significant differences between different age groups. Young adults between the ages of 25 - 35 prefer projects linked to blockchain and cryptocurrencies, while the 55 - 65 age group prefers the more traditional financial products, such as investing in stocks and renting a home.
Table of contents
Transparency and security
Looking at determining factors, 89% indicate that transparency and security are decisive. This is partly due to recent developments such as the bankruptcy of FTX (cryptocurrency exchange). It is striking that the group that can invest more (>50,000 Euros disposable in 2023) is less critical. A possible reason is that this group has more knowledge of the market.
Share of men slightly larger
It is mostly men who seek passive income, at 68%. When you zoom in on passive income from cryptocurrency, the group is even larger (78%). This result is in line with an earlier study by GOBankingRates in 2021, a June 6, 2022 publication of which can be found on Yahoo Finance: https://finance.yahoo.com/news/why-women-hesitant-invest-crypto-190010089.html
Well-filled wallet
Of those who say they want to invest in passive income, the largest group, 43%, says they can invest between 10,000 and 50,000 Euros to achieve passive income. 27% have more than 50,000 to spend, 11% more than 100,000 to spend and 3% more than 1,000,000 Euro.
Risk diversification very important
77% of respondents say they want to spread risk across different financial products. Only 19% say they only want to invest in cryptocurrency because of its volatile nature. Those who invest in cryptocurrency want to do so in the well-known crypto currencies such as Bitcoin and Ethereum. In addition to cryptocurrency, cryptocurrency mining is mentioned as a source of passive income. Again, well-known cryptocurrency is preferred.
How / where do we orient ourselves?
The way we arrive at an investment to generate passive income is mainly done online. More than half of the respondents are particularly guided by online reviews, posts on social media and advice from friends and acquaintances. For social media, Twitter and Telegram are consulted the most. The age group 55 - 65 indicates that information from traditional financial institutions such as banks is decisive.
Press release from: Freshminers
Join the Bitcoin/Cryptocurrency Facebook group and join the Discord/Telegram to become part of the community