Bitcoin: more than a fashion, a savings reality for many French people

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Paris, December 14, 2023 - Bitstack, the French Bitcoin savings application, announces today the publication of the first in-depth study accompanied by a Infographic on the behavior of French savers in bitcoin. This survey, based on the responses of more than 4,000 bitcoin savers, highlights the growing role of bitcoin in the savings of French people.

The study reveals a great diversity among Bitcoin savers, including 33% of employees, 21% of students, 8% of business managers and 8% of workers. They are 50% aged 18-25, 27% aged 26-35, and 23% aged 36 and over. These data demonstrate that bitcoin attracts a wide range of profiles, from young adults to experienced professionals.

The reasons for saving in Bitcoin are multiple and significant: 71% of respondents seek to make their savings grow, 60% consider it a financial asset of the future, and 56% use it to diversify their investments. These motivations underscore the perception of bitcoin as a strategic and promising investment asset.

The survey reveals a marked trend towards regular savings in Bitcoin: 87% of participants invest an average of €122 each month.

Trust in bitcoin is very high: 96% of respondents say they are confident in its future, and 52% plan to keep their bitcoins for more than 5 years (32% more than 10 years). This belief is supported by the belief in its long-term valuation growth, its growing adoption among businesses and consumers, and its potential for financial independence from the traditional financial system.

Investors' expectations of their Bitcoin savings are high, with 72% expecting capital gains of more than 10% per year. The satisfaction is also remarkable: 96% of participants are satisfied with the performance of their Bitcoin savings, and 98% would recommend saving in Bitcoin to family or friends.

Bitcoin is part of a wider savings strategy for 81% of respondents, who also invest in other products such as Livrets A or LDD (76%), other cryptocurrencies (46%), stock market shares (44%), stock market shares (44%), life insurance (43%) and real estate (30%). Among them, 55% place at least 10% of their savings in bitcoin, underlining its importance in the French investment portfolio.

“The last 15 years have seen Bitcoin evolve from a simple curiosity to a real alternative to traditional savings products. In an economic climate marked by uncertainty and inflationary monetary policies, Bitcoin stands out with an issuance of its currency that is predictable, disinflationary and limited to 21 million. Platforms like Bitstack are finally democratizing bitcoin investment in order to protect your savings over the long term. In fact, more than 50% of our users invested in bitcoin for the first time thanks to Bitstack.” concludes Alexandre Roubaud, CEO of Bitstack.

> Consult the infographic.

About Bitstack

Created in April 2021 by Alexandre Roubaud and Kabir Sethi, the French company Bitstack based in STATION F in Paris offers a mobile application that allows you to save and invest in bitcoin in a simple, fun and painless way.

Bitstack is a company registered as a digital asset services provider (PSAN) with the Financial Markets Authority (AMF) under the number E2021-027.

For more information: www.bitstack-app.com

Methodology

Study conducted from December 7 to 8, 2023 on 4,038 Bitstack users aged 18 and over.

Press contact

Nicolas Vitre, Chief Marketing Officer - 06 88 04 76 86 - nicolas@bitstack-app.com