A new survey on the investing mindset of the French people shows that nearly one in four own some kind of investment, and half of those who do first dipped their toes during the pandemic. It turns out that the cryptocurrency craze injected some YOLO energy here as well: More French people own crypto (9%) than stocks (7%) or ETFs (2%).
A deeper dive into the post-Covid newcomers reveals they’re mostly men, far more into crypto and NFTs than traditional investors, and get their advice more from social media or friends than professionals. A significant majority are into gambling and sports betting, which have become increasingly digital and widespread in recent years.
Source: France Crypto Bets Exceed Investments in Stocks or ETFs – Bloomberg
