According to Dutch media reports, the estimated amount Dutch investors have poured into cryptocurrencies like Bitcoin and Ethereum has surged to €2.2 billion. A recent study by market research firm MultiScope—based on a survey of over 4,000 Dutch citizens—reveals this figure is roughly 13 times higher than investments recorded in 2018.
Key Insights from the Study
Demographics: Approximately 1.9 million Dutch residents now invest in cryptocurrencies.
- Men slightly outpace women (8% vs. 6%).
- Older investors (50+) hold larger positions (avg. €1,360) compared to younger groups (avg. €1,140).
Investment Mindset:
- 75% of crypto holders plan to hold long-term, disregarding short-term price fluctuations.
- Younger investors target 1,970% returns, while those over 50 are satisfied with 3x gains. Others aim for 1,000%+ returns.
Market Turbulence and the FTX Collapse
Cryptocurrency values recently faced steep declines, exacerbated by the FTX exchange crisis:
- FTX’s liquidity issues led to Binance’s brief bid to acquire it, which was later withdrawn.
- Bitcoin dropped ~20% this month, trading at ~$16,600 (November 2023).
- FTX’s native token (FTT) plummeted 90% over the same period.
👉 Why Bitcoin’s volatility hasn’t deterred Dutch investors
FAQs
Q: How has crypto adoption in the Netherlands changed since 2018?
A: Investments grew from an average of €200 per person in 2018 to €1,140–€1,360 today, reflecting broader acceptance.
Q: What’s driving Dutch investors to hold crypto long-term?
A: Many view it as a store of value, similar to gold, rather than a short-term trading asset.
Q: How did the FTX collapse impact Bitcoin?
A: It triggered a broader loss of confidence, with Bitcoin’s price dropping to 2020 lows.
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Source: nltimes.nl
Final Notes
Despite recent setbacks, Dutch investors showcase resilient optimism toward cryptocurrencies, emphasizing long-term potential over temporary market dips. Strategic patience and diversification remain their guiding principles.