Investors in Bitcoin and other cryptocurrencies are turning to property for a more stable alternative, Sequire Property Investment research shows.
The firm said 25% of those buying a property investment said they did so using profits from cryptocurrency.
Among crypto investors some 15% are looking at alternative avenues, with 28% opting to buy stocks and shares and 21% investing in the UK property market.
Daniel Jackson, sales director at Sequre Property Investment, said: “Cryptocurrency has seen its profile increase rapidly over the past five years, and the people who have lots of it are now looking to find ways of making it work for them, rather than sitting on it and hoping it doesn’t crash.
“Property, with its solid value and good returns is, unsurprisingly, second only to stocks as the most popular crypto investment asset.
“Within the industry, buy-to-let property is one of the most profitable and immediate pathways to good investment and, despite the UK government’s attempts to dampen profit margins, crypto investors are looking to the sector to balance their portfolios
Cryptocurrency is known for being incredibly volatile, with values rising and falling fast.
The cost of Bitcoin halves in May 2020, before increasing by nearly 300%.
Despite this volatility, Sequre found that 85% of crypto investors choose to hold tight when it comes to the profits made on the market.