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A new study reveals that more French investors own crypto than stocks and ETFs. 
The latest findings from a comprehensive <a href="https://www.amf-france.org/sites/institutionnel/files/private/2023-11/loe-54-ven.pdf" target="_blank" rel="noopener">survey</a> shed light on the evolving investment habits of French individuals, highlighting a significant shift towards <a href="https://crypto.news/bis-and-central-banks-of-france-singapore-and-switzerland-wrap-up-cbdc-project/">digital assets</a> and alternative investment methods, particularly among the younger demographic. 
A notable trend is the rising interest in cryptocurrencies, with 9% of the populace owning digital currencies, surpassing those holding traditional stocks at 7% and ETFs with 2%. This surge in crypto investment signals a shift in the investment landscape, fueled partly by the pandemic. 
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<h2 class="wp-block-heading" id="france-s-new-wave-of-crypto-investors">France’s new wave of crypto investors</h2> 
The demographic profile of these new investors is predominantly male, with a marked preference for cryptocurrencies and Non-Fungible Tokens (NFTs) over traditional investment vehicles. Their investment decisions are largely influenced by non-professional sources, relying heavily on social media platforms and peer recommendations rather than seeking professional financial advice. 
Interestingly, these new investors also demonstrate a strong inclination towards digital gambling and sports betting, a sector that has seen significant growth and digitization in recent years. This trend reflects a broader change in attitudes towards risk and investment. 
Despite their enthusiasm, there is a concerning gap in financial knowledge among these investors. The French Financial Markets Authority (AMF) found that a majority of younger respondents, especially those 18-to-24 years old, had limited understanding of fundamental financial concepts like inflation impact, diversification strategies, and risk-reward balances. Despite this, a significant portion of this group aims to achieve rapid financial gains, often without a solid understanding of the complexities involved. 
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French investors increasingly prefer crypto over stocks, survey reveals

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