60% of UK Crypto Holders Borrowed Money to Buy Coins

  • A study by KIS Finance has revealed that over two-thirds of cryptocurrency investors borrowed money to make their purchases, rather than using income and/or savings.
  • As the data shows, those aged between 18 and 24 were the age group most likely to use borrowed funds to make their investment, with a significant drop of borrowers in the two highest age groups.
  • It’s concerning to see that so many people have turned to borrowed funds to purchase cryptocurrencies as they are extremely unpredictable and offer no guarantees that the money invested will be returned.
[Via]

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