º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Professional Services

º£½ÇÊÓÆµ sees surge in crypto ownership with 7 million Brits investing in digital assets

Cryptocurrencies were one of the top three performing alternative investment sectors of the past 12 months, alongside peer-to-peer lending and music royalties, according to new research.

(Image: Getty Images)

Crypto and digital assets have been identified as the third most popular investment over the past year, spurred by a 49 per cent increase in online searches, according to Whisky and Wealth Club's research.

The study placed cryptocurrencies among the top three performing alternative investment sectors, alongside peer-to-peer lending and music royalties, as reported by .

Despite their well-known volatility, digital assets continue to draw in aspiring investors looking for high-risk, high-reward opportunities. CoinShares reported that global crypto investment reached an all-time high of $44bn (£35bn) in 2024.

AJ Bell also recently stated that "2024 was a breakout year for Bitcoin", reflecting the growing popularity of crypto investment. The FCA’s research indicates that 7m people in the º£½ÇÊÓÆµ currently hold some form of cryptocurrency, a figure comparable to the number of people who own a Stocks and Shares ISA.

Peer-to-peer lending took the top spot with a 243 per cent rise in popularity, followed by music royalties with a 202 per cent increase. Cryptocurrencies completed the top three, demonstrating a rising interest in alternative investments as º£½ÇÊÓÆµ investors seek to diversify their portfolios beyond traditional assets like stocks and bonds.

Joshua King, global sales manager at Whiskey and Wealth Club, commented on the research, saying: "The surge in interest across alternative investments highlights a growing appetite among º£½ÇÊÓÆµ investors to diversify their portfolios and seek out opportunities beyond traditional markets."

Like this story? Why not sign up to get the latest business news straight to your inbox.