New Poll: Millennials aged 18-34 inclined towards Bitcoin as opposed to traditional assets


  • There has been an increase in the number of millennials who are interested in Bitcoin.
  • The report says that 30% of millennials prefer BTC over traditional securities.

A report published on Forbes took into account a new survey that was carried out by Harris Poll in collaboration with Blockchain Capital. This particular report has been released in the wake of another research carried out by Adamant Capital which said that millennials were going to be a huge boost for Bitcoin in years to come.

Blockchain Capital survey was conducted in a period of two days between April 23 -25 and had more than 2,000 participants mainly United States citizens. The new report found that there has been an increase in the number of millennials who are interested in Bitcoin between the ages of 18 and 34. Precisely they have gone up from 42% in 2017 to 60% at the moment.

While Bitcoin is gaining a lot of traction across the board, Millennials particularly, are preferring Bitcoin to other forms of traditional assets.  The report says that 30% of millennials prefer BTC over traditional securities, 24% will choose BTC over real estate while 22% believe that BTC is a better investment in comparison to gold.

You might also like: Bitcoin price analysis: BTC/USD struggling to stay afloat at $5,300

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD shoots higher following Bakkt news

Above is the 5-minute BTC/USD chart which shows the powerful surge in volume when the Bakkt announcement was made. The arrow shows the exact time of the release, prior to the story BTC/USD was trading close to 10,000.00 and bouncing off the mean value price for the day. 

More Bitcoin News

Ripple price analysis: Confluence detector shows a lack of healthy resistance and support levels

Ripple is currently trending in a flag formation and is priced at $0.259. This Thursday, the bulls kicked in after the price fell to $0.242 and took the price up to $0.264. 

More Ripple News

Cardano Foundation partners with Berlin blockchain venture studio Konfidio, market reaction muted

The Cardano Foundation revealed that they have partnered up with Berlin blockchain venture studio Konfidio. The main aim of the partnership will be to execute real-world business cases on the Cardano blockchain. According to their announcement:

More Cardano News

Ethereum: ETH/USD bear trapped below broken support range

Ethereum defended the support at $170 before a shallow recovery pulled the price above $180. ETH/USD must reclaim position in the broken support range between $190 - $200.

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Safe-haven or a high-yield asset? Bitcoin qualifies for both

The cryptocurrency market has been a mixed picture this week. Bitcoin attempted to settle above $12,000 practically every single day of the week...

Read the weekly forecast

BTC

ETH

XRP