- The Consob 2024 report shows that the percentage of Italians investing in cryptocurrencies has more than doubled from 8% to 18% between 2022 and early 2024
- Interest in sustainable investments has also grown, with 20% of Italians now focusing on green assets, up from 11% in 2022
- 67% of Italians use the internet for financial information, surpassing traditional media like TV and print
The latest Consob report shows that cryptocurrencies are really taking off in Italy in 2024. The number of Italians investing in crypto has more than doubled, going from 8% to 18% between 2022 and early 2024.
It seems like a lot of people are just jumping on the bandwagon without really knowing what they’re doing. Besides crypto, green investments are also gaining ground, with interest rising from 11% to 20%.
Even with this increase, traditional investments like deposit certificates and savings bonds are still going strong. Plus, most Italians are now looking for financial info online, with the web overtaking TV and social media as their go-to source.
Consob Report Shows Crypto Investments on the Rise in 2024
It looks like 2024 is going to be the year of crypto in Italy. The latest Consob report shows that more and more people are investing in cryptocurrencies. Between 2022 and early 2024, the number of people with crypto holdings more than doubled, jumping from 8% to 18%.
However, Consob says that this trend seems more like a fad than a well-informed decision, as many people still don’t fully understand these digital assets.
It’s not just crypto — sustainable investments are also gaining steam. The number of Italians investing in green initiatives has gone from 11% in 2022 to 20% in 2024. Consob says that these green investments are often guided by financial advisors and are typically seen as long-term plays.
Consob Report on Crypto and Traditional Investments
Even with all the hype around crypto, traditional investments are still going strong. Italians are still holding onto a lot of certificates of deposit, postal savings bonds, government bonds, mutual funds, and other traditional assets.
The report also shows where Italians get their financial news. A whopping 67% rely on the internet for investment info, beating TV at 43% and social media at 36%, which is tied with financial apps and websites. Interestingly, social media is most popular among younger folks aged 18 to 34.
Binance’s Growth in Italy
Binance, the popular crypto exchange, recently reported that the crypto market has been booming in the first half of 2024, even in Italy. The company’s Half-Year Report for 2024 showed a global crypto market cap increase of 37% in just six months.
In Italy, Binance Italy’s CEO Gianluigi Guida said that 2024 is going to be a big year for crypto. The second half of the year is going to be really important for the sector’s development.
Conclusions
The Consob 2024 report shows that more and more Italians are getting into cryptocurrencies, but it seems like they’re mostly following the trend rather than making a fully informed decision. Green investments are also on the rise, but traditional investments are still holding strong.
Binance’s report says this year is going to be a big one for the crypto industry. With more Italians looking online for financial advice, we might see some big changes in how they invest and make decisions going forward.
