Swiss crypto use reaches 23%, outpacing Austria and Germany, survey shows

Bearingpoint said Swiss adults show stronger interest in crypto investment, CBDC use and reserve-currency potential as the country’s post-2021 DLT framework deepens adoption.

Summary

Crypto adoption in Switzerland is running ahead of neighboring Austria and Germany, with a Bearingpoint survey showing 23% of Swiss adults use cryptocurrency at least occasionally, versus 18% in Austria and 11% in Germany. The study also found stronger sentiment in Switzerland across several measures: 37% of respondents said crypto is worth investing in, 45% said it could be used in future as a currency for international trade or reserves, and 44% said they would be willing to use a CBDC (central bank digital currency). Those readings were all higher than in Germany and Austria. Bearingpoint linked that lead to Switzerland’s more established digital-asset ecosystem since the 2021 DLT (distributed ledger technology) law took effect. The report said Crypto Valley now hosts 1,749 blockchain and DLT companies, while Germany is seeking to narrow the gap by distributing crypto-asset services through traditional banking channels including DZ Bank and Dekabank.

Terms & Concepts
  • CBDC: Central bank-issued digital currency
  • DLT: Distributed ledger technology for shared records
  • Crypto Valley: Swiss hub for blockchain and DLT firms