Macron effect? 23% of France owns crypto coins

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Last Updated on 6 November 2023 by CryptoTips.eu

French President Emmanuel Macron is known as a fan of crypto. For example, several representatives of his cabinet were present when an “NFT Factory” (a kind of museum that showed digital art) opened near the Centre Pompidou in Paris last year and he has always welcomed major crypto companies to France and made it easy for them to obtain a license.

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Silicon Valley

Macron thinks his country has a good chance of becoming a new kind of Silicon Valley for crypto thanks to Europe’s Mica regulations (which come into effect next year) and the US’s reluctance to adopt the new technology.

During last year’s presidential elections, he declared that the EU urgently needed to develop a “European Metaverse”. As a former banker, he is naturally very fond of money, technology and all kinds of investments.

For example, the authoritative Washington Post warned that the US would lose several crypto technology giants to France if it was not careful. 2023 appears to be the year of confirmation.

A recent study by Yougov now confirms the trend. A greater number of French people now know what Bitcoin, Ethereum and Dogecoin is than a comparable number in Germany.

23% of all French people currently own cryptocurrencies or have done so in the past, of which 50% Bitcoin and 36% Ether. When asked why they made this investment, curiosity and the diversification of their portfolio were the main reasons given by the participants. Holdings in Binance Coin, Dogecoin and Shiba Inu rounded out the top 5.

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Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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