A new Irish Banking and Payments Federation (BPFI) survey has revealed that crypto investments in Ireland are more popular with younger Irish citizens who consult online sources more than fund managers.
Roughly 16% of Irish adults aged 18-34 invest in cryptocurrencies, compared to only 3% of citizens aged 55 and over.
Authorities Caution Investing in Crypto in Ireland
Young crypto investors depend on informal investment channels, while older citizens rely on investment managers and banks. Older people prefer investing in bonds and investment funds, while stocks and shares are universally popular.
According to the World Economic Forum, the preference for stocks and bonds over crypto is seen in most European countries.
Last year, authorities arrested an elderly Irish woman for providing unauthorized financial advice violating the Investment Intermediary Act of 1995….
