Market of Cryptocurrency It is valued in Italy. 2.22 billion eurosWith 1.35 million Italians who have “invested” in crypto assets, each spends an average of 1,600 euros.
This is provided by the data Phoebe, who analyzed the sector, has recently returned to the limelight not only thanks to the post-victory rise in value of Bitcoin and other cryptocurrencies. Donald Trump, But also on the government’s proposal to increase the tax rate on capital gains from cryptocurrencies in the next budget law.
Market in Italy
According to Union data, citing June 2024, the cryptocurrency market grew 870 million euros (+64%) Compared to June 2023, when the value was 1.35 billion.
However, in the last 12 months, they have registered. Strong acceleration alternates with sharp braking, With significant price fluctuations. The total value of virtual currencies rose from 1.35 billion euros in June 2023 to 917 million in September of that year, before rising to nearly 1.5 billion in December. In the first quarter of 2024, the value approached 2.9 billion euros (+92% in just three months), and then fell to 2.2 billion in June 2024, which is 22.4% less than the previous three months.
More than 99% of investors are represented by natural persons. The millennial, with the 37% holders, They hold about 39 percent of the total investment value, while people between the ages of 40 and 60 hold 49 percent of the total, despite accounting for 28 percent of the total.
Fabi emphasizes that this data does not cover the entire cryptocurrency market in Italy. In fact, only a fraction of cryptocurrency transactions and portfolios go through regularly registered service providers in Italy, which means that a significant portion of cryptocurrency investments are not covered by official statistics.
The value of cryptocurrencies
The value of the global cryptocurrency market has reached 3 trillion dollars As of mid-November, the combined value of Bitcoin, Ethereum and other cryptocurrencies was about $1.68 trillion, up 79.2 percent from January 2024. At the percentage level, the United States has the most significant market share, with 16.58% at the end of September, followed by India with 9.44% and Brazil with 8.10%.
Among the thousands of cryptoassets in circulation, Bitcoin confirms itself as the undisputed leader, with a market share exceeding 60%, while Ethereum is 13%. Despite these numbers, Fabi points out that, compared to traditional and regulated financial markets, the cryptocurrency market represents a modest volume. In fact, the total investment in listed securities in major global financial centers reached a total of $112,000 billion in November.
Avoid hazards
“Cryptocurrency is undoubtedly one of the most controversial frontiers of the modern economy, a symbol of an ever-evolving world, but also of a panorama that presents enormous risks for savers. Losses or scams. In the case of, there are no legal and contractual protection tools that can protect the citizen. I never demonize innovations, but I emphasize the urgent need for clear and complete information – General Secretary of FEBE, Lando Maria Saloni. of Comment – Cryptocurrencies cannot be approached with the expectation of light or easy profits: From their extreme volatility to lack of institutional security, all important aspects are important to know. Institutions and supervisory authorities should strengthen the regulatory framework to ensure maximum protection for investors. At the same time, more commitment is needed to spread financial education, because only with awareness and thorough information can we turn a potentially dangerous trend into an opportunity. The digital revolution should not leave anyone behind, but should be accompanied by fair and transparent rules.”
