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Faustine Fleuret, president of the Association for the Development of Web 3 Professionals, has stated that an increasing number of French citizens are embracing cryptocurrencies. According to her, these individuals are using digital assets as a means to "diversify their savings" and to "gain access to decentralised finance." Fleuret shared these insights with Crypto Republique via email on April 18.
"Since the first edition of our study, more and more French people are owning crypto-assets: at the beginning of 2024, 12% of the population will be holding them, representing 6.5 million investors in France and a 28% increase on last year," said Fleuret. "Crypto-assets, in particular crypto-currencies, are seen as an asset class that allows investors to diversify their savings (as we can see that crypto holders are also equity holders). There has been an increase in the proportion of French people's savings invested in crypto-currencies. But beyond the role of crypto-currencies as an investment medium (with a longer holding horizon) and as a safe haven, the rise in adoption in France can also be explained by people's greater understanding of the general and multifaceted usefulness of crypto-assets: the French are acquiring stablecoins primarily to gain access to decentralised finance (DeFi), and are increasingly interested in NFTs for their various applications, particularly in video games."
In March, Adan published a report which detailed the findings of its third annual survey on Web3 and digital assets in France and Europe. The study was conducted in collaboration with KPMG and the Ipsos polling institute. According to this report, 12% of France's population, or approximately 6.5 million individuals, currently own digital assets. This figure marks an increase from the previous year's percentage of 9.6%. Furthermore, 22% of respondents who do not currently own digital assets expressed plans to acquire them in the future. The survey also revealed that 24% of French crypto investors fall within the age bracket of 18-24 years, while 57% are under the age of 35.
