With the wide range of options in the Crypto industry, you can select investment options according to your preferences. Since the advent of this market, Bitcoin has been one of the dominant coins. People often think of Bitcoin and Cryptocurrencies to be the same! know more about cryptorevolt app by clicking here: https://cryptorevolt.app/
Over these years, the dominance of your coin has not reduced. Investors still want to add it to their portfolio for Bitcoin’s many real-life utilities. According to a recent survey, more than 67% of millennials consider this coin as a safe option! Find out more about this survey in this blog!
What Does This Survey Reveal?
A survey was conducted by the platform, BanklessTimes to understand the choice of investors. In this survey, it was found that over 67% of people between 27-42 years prefer Bitcoin over other Cryptos.
The millennials consider this coin as a safe option as it is decentralized. Also, as Bitcoin comes in fixed supply capitalization, it is a famous coin among these people too! Certain earlier surveys show similar results too, where the millennials are more active in this market.
In comparison to older generations, the millennials are more active in the Crypto space and accept it on a positive note!
Bitcoin – An Important Asset
This dominant and largest Crypto of the industry has a special position in the portfolio of every millennial. The CEO of BanklessTimes, Jonathan Merry shares that Crypto is an important tool for millennials. This primary Crypto offers them financial liberty. Also, they get a chance to diversify their portfolio during uncertainties.
Millennials have higher chances of accepting Cryptocurrencies in a wide range, like that BTC. Though the younger generations like Baby Boomers or even Generation X may seem more exposed to technology, millennials consider BTC as superior!
And if we observe the older generations, they are still conservative about the Crypto space. Apart from that, they are even quite skeptical about this industry and often stick around the traditional assets and fiats!
What Do The Millennials Believe About BTC?
The survey reflected the strong preference of millennials for Bitcoin. The majority of the participants of this survey believe that BTC will become a mainstream investment option in the upcoming years.
The participants even consider BTC as a better option in terms of monetary tools. They think it to be even better than national fiats like Dollar or Euro! Major features for which this age group considers it a safe investment option are its limited supply and decentralization format.
As it is out of any central authority’s control, BTC does not come under the monetary policies of the government. Also, as it has a limited supply, investors often believe that it is a better option against inflation. Besides that, this limited amount can also enhance the value of this coin in the future.
Another noticeable fact is that many nations printed a huge amount of currencies to cope with the Covid-19 crisis. But this move, in turn, led to enormous inflation in the nations.
The Affection For BTC
A different study was conducted on the affection of millennials for Bitcoin. This study showed that over 50% of the millionaires from your age group have the majority of their investments in Cryptos. Also, over 36% of millennials and about 50% of Gen Z are even ready to accept Bitcoin as salaries.
Despite the downturn and bearish phase of the market, the millennial group had their interest intact in it. This shows their deep trust and enthusiasm for this industry.
Another survey named Alto was also carried out last year. This survey reflected that over 40% of the millennials in the US are HODLers. They prefer Cryptos over other investment options!
While the younger generations consider Cryptos for their retirement investments.
Conclusion
Cryptocurrencies have a different craze among investors. In particular, the millennials are more interested in Bitcoin, or the Crypto market as a whole.
The younger generations are interested in this market too, but the ratio is tilted towards the millennials more! The older generations are skeptical about this market and avoid it.
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