Britons’ appetite for cryptocurrencies has fallen sharply as they become more aware that they could lose all their money.
Figures from the Financial Conduct Authority (FCA) show 2.3m, or 4.3 per cent of adults, owned crypto in May last year. That was down from 3.1m, or 5.8 per cent, in 2022. It was driven by a sharp decline in the numbers of men and 18 to 34-year-olds holding them.
However, men were still more than three times as likely as women to own crypto.
The decline coincided with a growth in awareness of the perils of putting money into such investments.
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