49 Percent Of Millennials In America Are Comfortable With Investing In Cryptocurrency: Survey

49 Percent Of Millennials In America Are Comfortable With Investing In Cryptocurrency: Survey
фото показано с : zycrypto.com

2021-11-11 21:18

Cryptocurrency is becoming a popular investment alternative for Americans with the latest survey suggesting that 49% of millennials in the country are somehow comfortable and 15% “very” comfortable investing in digital assets. In comparison, 37% of Gen X and 22% of baby boomers are somehow comfortable investing in cryptocurrencies.

The Bankrate survey suggests that digital currencies are increasingly becoming popular as an investment alternative among young people. While 15% of millennials said they are “very comfortable” with these investments, just 7% of Gen X, and 4% of baby boomers said they were. Only about 5% of millennials would have been “very” comfortable investing in digital currencies based on yet another Bankrate survey released in June this year but carried out in 2020.

About 12% of millennials see crypto as the best way to invest money that they would not need for 10 years or more based on the new survey. Commenting about the survey, Bankrate’s James Royal said that most millennials preferred crypto because they see it as a form of lottery in which they are more likely to participate. However, most of these youngsters are pushed to look for alternative investments due to factors like inflation and knowledge of and availability of the alternatives like cryptocurrencies.

DeVel Group this week released a global poll showing a preference for digital currencies among young populations. It showed that more than a third of millennials and half of Gen Z would prefer to take their salary in crypto. Founder of the company Nigel Green agrees that most young people are getting into crypto due to the digital influence. He stated that the young populations have been influenced by an enormous surge in tech and innovations as they came into adulthood.

“They are comfortable using and see the value in and massive potential of digital currencies. They appear to trust an autonomous decentralized digital currency and payment system over a traditional system where legacy financial institutions and governments are in control.” 

Based on the new Bankrate survey, it is also a big win for the cryptocurrency industry this year because only 28%, regardless of their age, find cryptocurrency a “not too comfortable” investment, and that 33% are not comfortable at all. In comparison, a whopping 61% was “not too comfortable” investing in digital currencies about a year ago based on the Bankrate’s survey released in June this year.

The new survey was carried out in May at a time of boom for the cryptocurrency industry. However, real estate and cash topped on the Americans’ list of preferred holdings in over 10 years.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0034358 (-100%)

comfortable cryptocurrency survey investing millennials assets country

comfortable cryptocurrency → Результатов: 55


Users should be comfortable with owning & using digital assets, says Pundi X CEO on release of XWallet 2.0

With crypto-adoption rates rising across the globe, major exchanges such as Binance have started integrating a number of features onto their platform to improve user experience. The principal aim of most of these industry heavyweights is to make cryptocurrency transactions straightforward, so that usage of digital assets is effortless.

2019-7-11 22:30


Фото:

China and India Are not Comfortable with Libra, Need More Information and Clarity

China and India combined comprise nearly 35 percent of the world population. Bloomberg reported that the People’s Bank of China (PBOC) wants Facebook to reveal more information about Libra while Economic Times noted that the Indian Secretary of Economic Affairs believes the country is not comfortable with private currencies, July 9, 2019.

2019-7-10 11:00


Decentralized Applications (DApps) On The Rise After BitTorrent File System Launch

DApps On the Rise After BitTorrent File System Launch One wouldn’t be wrong to say that the Cryptocurrency ecosystem is garnering daily adoption across the globe, this recognition is not only because of digital currencies are seamless and more comfortable means of holding assets, but because of the numerous problems that their applications have been […]

2019-6-1 21:11


AlienCloud ICO

AliensCoin - utility coin for AlienCloud platform. AlienCloud is not a startup. We build comfortable united platform for miners, traders and investors. Having created the AlienCloud platform and started working with crypto-currency payments, we realized that at the moment there are currencies for which transactions take too long and commissions are extremely large (for example Bitcoin/Ethereum).

2019-4-15 16:33


Cryptocurrency Could Soon Open New Revenue Streams, Disrupt Payments System, Per Analyst

One of the longtime fears that the traditional financial world seems to have about cryptocurrency is its potential for overtaking payment systems. People who are comfortable with the archaic system do not want to see a broader market, which is partially due to the lack of faith that they have in cryptocurrency. However, as the […]

2019-2-28 03:33


Фото:

Bitcoin Price Watch: Currency Slightly Up, but Is Interest Subsiding?

At press time, the father of cryptocurrency is back up in the $6,400 range after falling to just over $6,300 during our previous price coverage. As mentioned before, the currency has seemingly found a comfortable spot between $6,300 and $6,500 and hasn’t moved from here for several weeks minus a few small jumps and falls […] The post Bitcoin Price Watch: Currency Slightly Up, but Is Interest Subsiding? appeared first on NullTX.

2018-10-24 20:21