The problem gambling charity commissioned a research project from YouGov that examines investments made by the UK public. A survey of 4,200 adults found that 40% of people lost money on cryptocurrency, in comparison to 34% who made financial gain.
Drawing parallels to gambling, GamCare also cited that people experiencing harmful gambling are more likely to own cryptocurrency than the general population. The quantitative difference was shown in statistics of 51% against 11%.
Raminta Diliso, GamCare Financial Harm Manager, commented: “For many consumers, cryptocurrency purchases are a way to diversify their investment portfolio.
“However, what we have seen on the National Gambling Helpline over the past few years is that serious harm can occur if it goes too far and it’s not always the get-rich-quick opportunity some people may think it is.
“The volati..