Focusing on millennials, it found significant portions turning away from traditional stores of value, such as property and home ownership, in favor of crypto assets.
Millennials Turning from Traditional Investments and Toward Crypto
“For Millennials the soaring performance of Bitcoin – followed by an almost equally profound correction – holds more intrigue than the prospect of steady growth in house prices,” Get Living concludes.
“This translated to 27% of male Millennials polled believing Bitcoin represents a better investment than property.”
Is this age group “in the vanguard of the new Sharing Society, where people are less interested in following in the footsteps of their home-owning parents and would rather make a fortune from Bitcoin?” asked build-to-rent advocates Get Living.
“The rollercoaster ride in value for Bitcoin has excited many Millennials, with one in five seeing it as an appealing investment proposition compared with relatively slow-moving property values,” Get Living noted.
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Millennial Living in 2018: Insights for the UK ‘Build-to-Rent’ Sector, a study in conjunction with FTI Consulting, commemorates real estate group Get Living’s 5th anniversary. Focusing on millennials, it found significant portions turning away from traditional stores of value, such as property and home ownership, in favor of crypto assets.
For weeks now, the cryptocurrency community has been fervently discussing the recent acquisition of the Steemit blockchain. Skeptics believe that the Tron takeover has shown significant vulnerabilities with delegated-proof-of-stake (DPoS) projects.
Cryptocurrency markets have been climbing higher in value as coins like BTC have gained over 19% during the last 90 days. However, many other digital assets have seen much larger gains and BTC dominance has been sliding downwards consecutively for the last 14 days.
The cryptocurrency economy has seen further gains, as the entire market capitalization jumped to $179 billion during the early morning trading sessions on Sunday. Moreover, global trade volume spiked significantly, capturing roughly $61 billion in trades over the last 24 hours.
There’s been a lot going on within the Bitcoin Cash (BCH) ecosystem lately as both BCH markets and infrastructure developments this week have been quite interesting. Over the last two days, while most cryptocurrencies have seen gains around 1-15 percent, bitcoin cash values spiked over 25 percent yesterday.
When people look at the fiat value of cryptocurrencies they usually observe prices from data sites like Coinmarketcap. com that pull aggregated digital asset spot prices from exchanges all across the world.
Two days ago, cryptocurrency bulls were attempting to break strong resistance and managed to push digital asset values to much higher price regions. The price of bitcoin core (BTC) was averaging $6,740 per BTC during the early morning trading sessions on July 17, then the digital currency spiked to $7,300 a few hours later.
For the Ethereum price, the momentum might carry its value to $ 475 in the coming hours. Ethereum Price Remains in the Green There were many valid concerns as to whether or not the cryptocurrency values would suffer from bearish momentum this weekend.