Kraken Study Reveals Surging Crypto Adoption in France Amid Economic Uncertainty

A recent study by Kraken highlights a significant shift in France's financial landscape, with 64% of survey respondents expressing willingness to pay with cryptocurrencies. As traditional finance loses public trust due to budget constraints and stagnant growth under François Bayrou's oversight, digital assets are gaining traction. The report reveals that 63.98% of crypto-interested French citizens plan to make imminent purchases, while 35.1% are ready to allocate €1,000 to cryptocurrencies. This growing interest underscores the potential for cryptocurrencies to reshape France's economic future.

64% of French Survey Respondents Express Willingness to Pay with Cryptocurrencies

France's economic landscape shows deepening cracks as traditional finance loses public trust. With budget constraints tightening under François Bayrou's oversight and inflation failing to stimulate growth, citizens are increasingly turning to digital assets. Kraken's latest study reveals 63.98% of crypto-interested French citizens plan purchases imminently, while 35.1% WOULD allocate €1,000 to cryptocurrencies—surpassing traditional investments like stocks or real estate.

Regional adoption patterns defy expectations. Grand Est and Occitanie emerge as crypto hotspots, outperforming Île-de-France in enthusiasm. The shift extends beyond investment behavior—messaging platforms like WhatsApp and Telegram now outpace banks as preferred crypto information sources. "We're witnessing a cultural transformation," observes Kraken's Alix Bouxaguet, noting the demographic expansion beyond early adopters.

Ethereum Price May Be Done Cooling, 47% Upside Now in Play

Ethereum's price action suggests the cooling-off phase may be ending. After trading sideways, ETH shows signs of renewed momentum, currently trading NEAR $3,720 with a 3.77% daily gain. Institutional activity appears to be driving this shift.

Whale accumulation is accelerating, with five new wallets acquiring 106,000 ETH worth $397 million—primarily through OTC desks like FalconX. Exchange outflows continue unabated, with Kraken seeing significant withdrawals. The supply-demand dynamic grows increasingly tight: treasury desks purchased 382,000 ETH in 24 hours against just 2,473 ETH issued.

ETF-related demand compounds the supply crunch. Market structure now favors bulls, with more ETH being removed from circulation than created. When fundamentals and technicals align this way, breakouts tend to follow.